United States Treasury Secretary Janet Yellen estimated on Thursday that the global economy is "in a better state than many predicted just a few months ago."
Speaking at the meeting of Group of 20's (G20) finance ministers and central bank governors (FMCBG) in Bangalore, India, Yellen said the outlook for the global economy has improved since the organization's previous summit in October. She stressed the US economy showed resilience toward the ongoing global uncertainty, with inflation easing and the labor market remaining robust.
Yellen also commented on Russia's military operation in Ukraine, saying that "[c]ontinued, robust support for Ukraine will be a major topic of discussion during my time here in India." She urged the International Monetary Fund (IMF) to "move swiftly" and approve a proper package of loans for Ukraine.
