RIYADH - The world's top economies called for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China's growth this year to 5.6 per cent and shave 0.1 percentage points from global growth.
"In our current baseline scenario, announced policies are implemented and China's economy would return to normal in the second quarter. As a result, the impact on the world economy would be relatively minor and short-lived," Georgieva said. Japan's finance minister said almost all the G-20 countries mentioned the risk posed by the coronavirus during the gathering in Riyadh and that he had warned of a serious impact on the global economy if it spreads further.
A source familiar with the discussions said the G-20 countries had not made plans for any separate committee or meetings to coordinate a response.
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