Coronavirus could damage global growth in 2020: IMF
The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday, but a sharp and rapid economic rebound could follow.
In its January update to the World Economic Outlook, the IMF lowered global economic growth forecast in 2020 by a 0.1 percent point to 3.3 percent, following a 2.9 percent growth the previous year, the lowest in a decade.
We don't know how quickly China will be able to contain it.
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.
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