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Global economy ‘in better place’ than predicted: Yellen

US banking sector 'stabilizing' after turmoil: Yellen
Source: YouTube Screenshot

The global economy is “in a better place” than predicted a few months ago in the wake of the Covid pandemic and Russia’s invasion of Ukraine, US Treasury Secretary Janet Yellen said Thursday.

The “global economy is in a better place than many predicted a few months ago” she said ahead of a G20 finance ministers meeting in India. “In the fall many were worried about a sharp economic slowdown across the world. The challenges we face are real and the future is always uncertain but the outlook has improved.”

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Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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