The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to be more upbeat, pointing to the U.S. economy likely avoiding recession and China's reopening from pandemic controls.
"The markets have good reason to be more upbeat because what they are finally seeing is the U.S. economy likely to avoid recession...they are also seeing China re-opening and Chinese consumers rushing to spend the money they saved during the pandemic, the lockdown," she said.
Georgieva lauded Gulf Arab oil and gas producers for "relentlessly" pursuing fiscal reforms, including diversifying revenue sources by introducing new taxes.of the country's climate envoy, who is also head of the state oil firm, has fuelled activists' worries that big industry was hijacking the global response to the warming crisis.
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