IMF’s Georgieva says U.S. may be able to avoid recession in 2023

Published by
Reuters

WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that there is mounting evidence that the United States can avoid recession this year and achieve a “soft landing” for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to fight inflation. She said there has been a healthy shift away from excess goods purchases, which had pressured prices, back toward services demand, and there were more diversified sources of growth in the economy. “It give…

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