Coronavirus live updates: IMF lowers global growth forecast, warns of 'more dire scenarios'

United States News News

Coronavirus live updates: IMF lowers global growth forecast, warns of 'more dire scenarios'
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 72%

China's National Health Commission said 2,345 people have died in the country from the coronavirus, and over 76,288 people are infected.

Workers assemble cars at the factory of Chang'an Automobile in Dingzhou, north China's Hebei Province, Feb. 16, 2020.All times below are in U.S. Eastern time.said on Saturday

that the virus will likely cut off 0.1% from global growth, and drag down growth for China's economy to 5.6%, which is 0.4% lower from its January outlook. "But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted," said International Monetary Fund Managing Director Kristalina Georgieva at the G20 Finance Ministers and Central Bank Governors Meeting.Iranian health authorities said on Saturday that five people are now dead out of the 28 infected with the virus, which may have reached most of Iran's major cities, including Tehran.

The fifth death was among the 10 new confirmed cases of the virus in Iran. The reported cases there suggest that the virus is being transmitted much farther than previously known or acknowledged. Health Ministry spokesman Kianoush Jahanpour, who made the announcement on state television, did not say when the fifth person died.

The rise in virus cases outside of China is threatening to turn the outbreak into a global pandemic, with more countries starting to shut down travel across borders.China's transportation sector is expected to start up operations again in late February or early March, a Ministry of Transport official told reporters on Saturday. Delivery service companies China Post, SF Express and jd.com have all resumed operations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Argentine bonds take it on the chin after IMF approves restructuringArgentine bonds take it on the chin after IMF approves restructuringArgentine bond prices fell 1.3% on Thursday after the International Monetary Fun...
Read more »

BOJ Kuroda says virus impact likely biggest topic at G20 meetingBOJ Kuroda says virus impact likely biggest topic at G20 meetingThe impact of the new coronavirus outbreak on global growth will be a key issue ...
Read more »

Coronavirus cases outside China remain low, but WHO chief warns 'that may not stay the same for long'Coronavirus cases outside China remain low, but WHO chief warns 'that may not stay the same for long'Cases in South Korea have grown by about two-thirds in recent days, according to health officials there, and the country reported its first death caused by COVID-19.
Read more »

Coronavirus live updates: China's Hubei reports 115 additional deathsCoronavirus live updates: China's Hubei reports 115 additional deathsChina's Hubei province reported there were 115 additional deaths as of Feb. 20, which brought the total number of COVID-19 fatalities in the region to 2,144.
Read more »



Render Time: 2025-03-12 17:18:00