IMF’s Georgieva: US on track for soft landing

In a CNN interview aired overnight, Kristalina Georgieva, Managing Director of IMF, provided an optimistic outlook for the US economy. She firmly stated that US is on track for “soft landing,” suggesting a scenario where the economy will experience slowdown without slipping into recession.

Georgieva attributed this positive forecast to Fed’s “decisiveness” in tightening monetary policy, which, according to her, has successfully started to mitigate inflationary pressures while avoiding a full-blown economic downturn.

In her message, Georgieva conveyed a sense of optimism for the general public, encouraging them to view the current economic scenario positively. She said, “You have a job, and interest rates are going to moderate this year because inflation is going down. Cheer up. It is a new year, people.”