IMF predicts ‘mild’ global hit from virus - News Summed Up

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IMF predicts ‘mild’ global hit from virus


AFP, WASHINGTONIt is too early to tell the economic toll from the COVID-19 outbreak in China, but the hit to global growth should be “mild,” IMF managing director Kristalina Georgieva said on Wednesday. This virus is clearly more impactful and the world economy then was very strong,” she said. The IMF projects China’s economy to grow 6 percent this year, compared with 10 percent in 2003. US officials likewise are reluctant to provide forecasts, but said the impact on the US economy probably would be short-lived. “There’s no question it’s having a significant impact in China,” US Secretary of the Treasury Steven Mnuchin told legislators on Wednesday.


Source: Taipei Times February 13, 2020 15:56 UTC



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