Global economic outlook may not be so bad, but it’s still not good, says IMF chief
IMF Managing Director Kristalina Georieva said at the World Economic Forum on Friday that the outlook for the global economy is not as bad as feared months ago.
“We have to be cautious,” he said at the closing panel of the World Economic Forum in Davos, moderated by CNBC.
With headline inflation on a downward trend and China’s resumption of activity expected to boost global growth, the IMF said it expects the Chinese economy to grow at 4.4% this year, outpacing global growth of 2.7%. rice field. .
— jenny reed
CNBC Pro: Wall Street favors software stocks over the long term. Top picks from Goldman, Citi and others include:
Software stocks were the darlings of the pandemic, but their popularity waned as the economy reopened.
Nonetheless, the technology subsector continues to be a key part of several long-term secular trends, such as cloud computing and artificial intelligence.
CNBC Pro looked at Wall Street research to find the best stocks for banks to play in the software sector.
Pro subscribers can read more here.
— Xavier Ong
European Market: Click here for the opening call
European markets headed for a negative opening on Thursday as investor uncertainty continued over the economic outlook, a top topic on the agenda at this week’s World Economic Forum in Davos.
British FTSE100 The index is expected to open 37 points lower at 7,793 in Germany. Dax 69 points lower than France’s 15,125 CAC At 7,052, down 35 points, Italy FTSE MIB According to IG data, it fell 77 points at 25,939.
CNBC is scheduled to speak with a range of representatives at the World Economic Forum on Wednesday, including the CEOs of Enel, Merck, Rio Tinto, and Dutch and Irish leaders.
Follow our coverage here.
— Holly Eliyat