'Robust' US has helped improve global economic outlook: IMF chief

WASHINGTON: Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday .

"Sustained household consumption and business investment, and an easing of supply chain problems helped," Georgieva added."And inflation is going down." "It is tempting to breathe a sigh of relief. We have avoided a global recession and a period of stagflation," Georgieva said.Commentary: Navigating China’s influence and expanding role in Southeast AsiaA challenge Georgieva mentioned was rising geopolitical tension, which increases the risk of fragmentation in the global economy.

Beijing also needs to improve domestic demand and deal with issues like local government debt, she said, stressing that China contributes a third of global growth and is important for the world.

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