Davos 2023: Outlook brighter than feared, fraught with risks

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Reuters UK

By Mark John and Brenda Goh DAVOS, Switzerland (Reuters) – The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum’s final panel concluded. International Monetary Fund (IMF) Managing Director Kristalina Georgieva told the Davos audience that what had improved was the potential for China to boost growth and that the IMF now forecast Chinese growth of 4.4% for 2023. While that was likely to prompt the IMF in coming days to upgrade its curr…

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