Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Ahead of the 2024 Spring Meetings of the International Monetary Fund and World Bank

As Prepared for Delivery Thank you for being here today. Before highlighting priorities for this week, I want to address the unprecedented attack on Israel this past weekend by Iran and its proxies. Treasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime’s malign and destabilizing activity. I. Global Economic Outlook and U.S. Economic Policy Let me now turn to the global economic outlook, which remains resilient. Global growth has consistently exceeded the predictions of many forecasters and the IMF projects it will continue at 3.2 percent this year and 3.1 percent next year. Global economic performance has in part been powered by a strong U.S. economy. While even one year ago, many forecasted much weaker U.S. economic performance, U.S.