The IMF is now forecasting for 2020 and an economic growth rate of 5.6 percent instead of the in January predicted 6.0 percent, said the IMF Chief, Kristalina Georgieva at a Meeting of the Finance Ministers of the leading industrial and emerging countries (G20) in Riyadh. The growth of the world economy will fail because of the Coronavirus is expected to be 0.1 percent lower. Here, the IMF had expected recently, from 3.3 percent growth in the current year.
Hope for the second quarter
You go out in this scenario, the Chinese economy can return in the second quarter to normal, said Georgieva. The Chinese authorities have worked to the negative impact on the economy through crisis measures, Liquidity, tax measures and financial support to mitigate. The impact on the global economy could be relatively low and of short duration.
The IMF Chief acknowledged, however, there are still great uncertainties about the spread of the Virus. The more difficult to make a reliable forecast. “Many scenarios can play out, depending on how quickly the Virus is contained and how quickly the Chinese and other economies affected get back to normal,” said Georgieva.
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countries with a weak health system, particularly
global cooperation for the containment of the Virus and the economic impact is essential, especially if the outbreak turns out to be longer-lasting and more widespread. States with a less developed health care have a greater risk. The IMF stand ready to help the weaker members. Hang Seng 27.316,77 PTS. -295,84 (-1,07%), except over-the-counter
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