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IMF Cuts Global Growth Outlook over Coronavirus Concerns
February 21, 2020
As the coronavirus continues to spread to new countries, the International Monetary Fund is trying to determine the outbreak’s impact on global growth. They have estimated that the impact of the virus will cut 0.1 percent from global growth, with China bearing the brunt. The IMF outlook for China is down to 5.6 percent growth, 0.4 percent lower than their January outlook.
The fund’s managing director also acknowledged that if the spread of the virus continues for longer and reaches more the globe, the growth consequences would be more protracted.
