us treasury secretary janet yellen on tuesday said it was important not to overdo the negativism in the outlook for the global economy “i think that we should be more positive” yellen said during a press conference ahead of meetings with finance ministers and central bank governors at semiannual imfworld bank meetings “the outlook is reasonable” yellen said the outlook is brighter than the last meetings of economic officials last october in a report released earlier tuesday the imf projected the weakest global growth prospects in more than 30 years read high inflation and interest rates to hobble economies imf says yellen said the global financial system has “generally proven quite resilient” the us is doing “exceptionally well” while europe is doing better than was feared six months ago yellen said she had not seen any evidence of a credit crunch cooling us economic activity she said it was a possibility but the banking system was strong and resilient “i am not anticipating a downturn in the economy although that remains a risk” yellen said the treasury secretary said there are risks but many are related to russia’s invasion of ukraine the single best thing to do to improve the global economic outlook is to end the war she added yellen wants to move forward with debt relief for lowerincome countries such as zambia and ghana disagreements between the us and china has led to slow progress on debt relief yellen said it was a good sign that china agreed to work with other creditors on a program for sri lanka “we are encouraged that china has agreed to provide specific and credible financing assurances in the sri lana case” yellen said “i feel encouraged we have made a bit of progress and i hope to make more” she said us stocks djia spx were higher on tuesday in early afternoon trading the yield on the 10year treasury note tmubmusd10y was up to 345