But the International Monetary Fund (IMF) has warned that the next crisis will hit sooner and harder that we thought.
“In seed time learn, in harvest teach, in winter enjoy,” said IMF Managing Director Christine Lagarde, issuing a warning by quoting British poet William Blake to describe the state of mind of businessmen and politicians in the world.
The global economy continues to beat previous forecasts. The Fund revised upward by 0.2% the growth expected for this year and next. In Europe, the IMF increased further its outlook by 0.3% in 2018 (2.2%) and in 2019 (2%).
But “complacency is one of the risks we should go against”, Lagarde told reporters in Davos hours before the official opening of the WEF.