IMF putting up $50bn for emergency funding as coronavirus spreads
The fund also says Covid-19 will nullify any hopes of stronger global growth in 2020, but isn’t calling it a recession just yet
04 March 2020 - 18:54
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...
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