Global growth in 2020 will dip below last year’s levels, but how far it will fall and how long the impact will be is still difficult to predict, ” Georgieva(pic) said.
WASHINGTON: The global spread of the coronavirus (Covid-19) will wipe out any hope of stronger growth in 2020, International Monetary Fund (IMF) managing director Kristalina Georgieva said, adding that a third of the fund’s 189 member countries were now affected.
The fund now expects 2020 world growth will be below the 2.9% rate for 2019, and revised forecasts will be issued in the coming weeks, Georgieva said at a news briefing.
The changed forecast would represent a more than 0.4 percentage point drop from the 3.3% growth the IMF had estimated for 2020 in January as US-China trade tensions eased.
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