Yellen says global economy remains resilient, lauds US as growth driver

Strong U.S. economic growth has been a “key driver” of better than expected global growth, U.S. Treasury Secretary Janet Yellen will tell a news conference on Tuesday ahead of this week’s meeting of G20 finance officials in Sao Paolo, Brazil. In excerpts of her remarks released by Treasury, Yellen said the International Monetary Fund and other forecasters had projected a broad-based slowdown in the global economy in 2023 that did not happen. “Going forward, we remain cognizant of the risks facing the global outlook and continue to carefully monitor the economic challenges in certain countries, but the global economy remains resilient,” she said.