“Since we met in May, the data coming in has painted a less bleak picture.
In other words, we see some signs of recovery in the global economy, ”RIA Novosti quoted Georgieva as saying.
She noted that "a number of advanced economies do not feel so bad to some extent."
“We cannot say that they feel better, because minus 6%, minus 8%, minus 10% is bad, but it is less than we predicted,” she said.
The head of the IMF said that China "went on the mend and is recovering slightly faster than predicted."
She noted that "only the finance ministries of the G20 countries have taken fiscal measures worth $ 11 trillion, and central banks have done wonders in supporting their state economies."
“We, the IMF, have become part of this response, and never in our history have we done so much in such a short period - we have supported more than 80 countries through emergency funding and our regular programs,” Georgieva said.
In early September, the head of the Central Bank Elvira Nabiullina announced the long-term consequences of the coronavirus pandemic for the Russian economy.