Davos day 4: IMF’s Georgieva says economic outlook ‘less bad’ than feared; Russia heading for ‘incredible poverty’ – as it happened

Rolling coverage of the final day of the World Economic Forum

• Keir Starmer and Rachel Reeves fill a vacuum in Davos charm offensive

Q: At what point does the IMF think about upgrading its economic forecasts?

Georgieva points out that the IMF has downgraded its growth forecasts three times in a row, so not doing another downgrade is progress.

It is very different to have a cost of living crisis and a job, than a cost of living crisis and no job.

Be careful not to get on the other side of the spectrum, from being too pessimistic to too optimistic.