Washington — The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund (IMF) MD Kristalina Georgieva said on Wednesday, adding that a third of the IMF’s 189 member countries are now affected.

Georgieva told a news conference after speaking to the IMF’s steering committee that the IMF now expects 2020 global growth to be below the 2.9% rate for 2019 and revised forecasts will be issued in coming weeks...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now