Economics
IMF Still Sees Global Growth Rebound Despite Threat From Virus
- ‘Downside risks to the outlook continue to dominate,’ IMF says
- Report comes as G-20 ministers convene in Riyadh, Saudi Arabia
An employee monitors latex gloves on molds at a glove factory in Setia Alam, Selangor, Malaysia, on Feb. 18.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
The International Monetary Fund reiterated that global economic growth appears to be bottoming out, though also cautioned that risks including the coronavirus dominate the outlook.
“After a marked slowdown last year, global economic activity is expected to moderately strengthen in 2020,” the IMF said in a surveillance note released Wednesday. “Monetary and fiscal policy actions were instrumental in supporting activity, thus avoiding a deeper downturn.”