Coronavirus could damage global growth in 2020: IMF

Coronavirus, Wuhan, Imf, Global Economy

Coronavirus could damage global growth in 2020: IMF

Coronavirus, Wuhan

16.2.2020

Coronavirus could damage global growth in 2020: IMF

DUBAI (AFP) - The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday (Feb 16), but a sharp and rapid economic rebound could follow.. Read more at straitstimes.com.

DUBAI (AFP) - The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday (Feb 16), but a sharp and rapid economic rebound could follow. "There may be a cut that we are still hoping would be in the 0.1 to 0.2 percentage space," International Monetary Fund managing director Kristalina Georgieva told the Global Women's Forum in Dubai. She said the full impact of the spreading disease that has already killed more than 1,600 people would depend on how quickly it was contained. "I advise everybody not to jump to premature conclusions. There is still a great deal of uncertainty. We operate with scenarios, not yet with projections, ask me in 10 days," Ms Georgieva said. In its January update to the World Economic Outlook, the IMF lowered global economic growth forecast in 2020 by a 0.1 percentage point to 3.3 percent, following a 2.9 percent growth the previous year, the lowest in a decade. Ms Georgieva said it was"too early" to assess the full impact of the epidemic but acknowledged that it had already affected sectors such as tourism and transportation. "It is too early to say because we don't yet quite know what is the nature of this virus. We don't know how quickly China will be able to contain it. We don't know whether it will spread to the rest of the world," she said. If the disease is"contained rapidly, there can be a sharp drop and a very rapid rebound", in what is known as the V-shaped impact, she said. Compared to the impact of the Severe Acute Respiratory Syndrome (SARS) in 2002, she said China's economy then made up just 8.0 percent of global economy. Now, that figure is 19 percent. She said the trade agreement between the United States and China, the world's first and second economies, had reduced the disease's impact on global economy. But the world should be concerned"about sluggish growth" impacted by uncertainty, said the IMF chief. "We are now stuck with low productivity growth, low economic growth, low interest rates and low inflation," she told the Dubai forum, also attended by US President Donald Trump's daughter Ivanka and former British prime minister Theresa May. Read more: The Straits Times

IMF chief says coronavirus might warrant coordinated economic responseBERLIN (BLOOMBERG) - The head of the International Monetary Fund said global central banks and governments may need to unite to fight the economic fallout from the coronavirus.. Read more at straitstimes.com.

IMF chief says coronavirus might warrant coordinated economic responseBERLIN (BLOOMBERG) - The head of the International Monetary Fund said global central banks and governments may need to unite to fight the economic fallout from the coronavirus.. Read more at straitstimes.com.

Coronavirus: China's capital Beijing imposes 14-day quarantine on arrivalsBEIJING (REUTERS) - The Chinese capital Beijing is imposing a 14-day self-quarantine on all those returning to the city, and will punish those who refuse to quarantine themselves or follow official rules on containing a new coronavirus, city authorities said on Friday (Feb 14).. Read more at straitstimes.com. Long Live The Emperor Xi & His Court.

Golf: Kuala Lumpur and Shenzhen events postponed due to coronavirus outbreakKUALA LUMPUR (REUTERS) - The Maybank Championship to be held in Kuala Lumpur and the Volvo China Open in Shenzhen that were both scheduled for April have been postponed due to the coronavirus outbreak, the European Tour announced on Friday (Feb 14).. Read more at straitstimes.com.

Coronavirus: Nurse cancelled wedding amid outbreak because it was the 'responsible thing to do'SINGAPORE - A nurse who cancelled his wedding reception earlier in February due to the coronavirus situation said on Friday (Feb 14) that this was the 'responsible thing to do'.. Read more at straitstimes.com. シンガポールの公立病院(特に彼が働いてる病院)は環境悪い。一般病棟はエアコンなし。大部屋で大人数が見渡せるように壁がなく男女も低い仕切りで分けられてるだけ。あんなところで1人感染したら一瞬のうちに1フロアに広がる。 My pre wedding photoshoot for the month of April has to be canceled too..

Football: Solskjaer backs Ighalo to make instant United impact despite coronavirus 'quarantine'MANCHESTER, UNITED KINGDOM (AFP) - Ole Gunnar Solskjaer insists new signing Odion Ighalo does not need to know his Manchester United team-mates to be an instant hero at Chelsea on Monday.. Read more at straitstimes.com.



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