Coronavirus puts global recovery at risk: IMF to G20

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RIYADH: The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the International Monetary Fund head told G20 finance ministers and central bank governors on Sunday (Feb 23).

Global growth was poised for a modest rebound to 3.3 per cent this year, up from 2.9 per cent last year, IMF chief Kristalina Georgieva said at the meeting in the Saudi capital.

“The projected recovery … is fragile,” Georgieva said.

“The COVID-19 virus – a global health emergency – has disrupted economic activity in China and could put the recovery at risk,” she said in a statement.

“I reported to the G20 that even in the case of rapid containment of the virus, growth in China and the rest of the world would be impacted.”

Read more : CNA

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