Next two weeks will be critical for China in coronavirus outbreak, IMF chief says

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The next two weeks will be crucial in determining the economic impact of the coronavirus, says International Monetary Fund (IMF) Managing Director Kristalina Georgieva.

, which would give a "better understanding on the resilience of China and on that basis, the spillover for the rest of the world," Georgieva told CNBC's Hadley Gamble at the Munich Security Conference on Friday.

The flu-like virus was found to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission said it had removed 108 deaths from the total figureGeorgieva cautioned against comparing the new coronavirus with the global outbreak of Severe Acute Respiratory Syndrome in the early 2000s, which the IMF was currently using as a reference point.

Kristalina Georgieva, managing director of the International Monetary Fund, at the 2020 World Economic Forum in Davos, Switzerland on Jan. 21st, 2020."Therefore a spillover from China, integrated especially in Asia but also with the rest of the world is much more significant," she said.

 

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