{"id":61860,"date":"2020-02-13T11:19:54","date_gmt":"2020-02-13T03:19:54","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=61860"},"modified":"2020-02-13T12:42:09","modified_gmt":"2020-02-13T04:42:09","slug":"imf-chief-sees-mild-virus-impact-on-global-economy","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=61860","title":{"rendered":"IMF chief sees \u2018mild\u2019 virus impact on global economy"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"http:\/\/www.bssnews.net\/wp-content\/uploads\/2020\/02\/IMF-chief-sees-mild-virus-impact-on-global-economy.jpg\"><img src=\"http:\/\/www.bssnews.net\/wp-content\/uploads\/2020\/02\/IMF-chief-sees-mild-virus-impact-on-global-economy.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p>WASHINGTON, Feb 13 (NNN-AGENCIES) &#8212; It is too early to tell the economic<br>toll from the Covid-19 outbreak in China, but the hit to global growth should be mild,\u201d International Monetary Fund chief Kristalina Georgieva said.<\/p>\n\n\n\n<p>The death toll from the new coronavirus epidemic in China has climbed past 1,350, but hopes have risen that the outbreak could peak later this month.<\/p>\n\n\n\n<p>The IMF is expecting a \u201cV-shaped impact,\u201d with a sharp decline in activity<br>in China followed by a sharp recovery, meaning there likely will only be a<br>\u201cmild impact on the rest of the world,\u201d Georgieva said.<\/p>\n\n\n\n<p>But she cautioned: \u201cIt is still too early to make projections,\u201d and the<br>global economy is \u201csomewhat less strong\u201d than it was when China faced the<br>SARS virus epidemic in 2003.<\/p>\n\n\n\n<p>\u201cChina was different, the world was different. This virus is clearly more<br>impactful and the world economy then was very strong,\u201d she said.<\/p>\n\n\n\n<p>The IMF projects China\u2019s economy will grow 6.0 percent this year, compared to 10 percent in 2003.<\/p>\n\n\n\n<p>US officials likewise are reluctant to provide forecasts but say the impact<br>on the American economy probably will be short-lived.<\/p>\n\n\n\n<p>\u201cThere\u2019s no question it\u2019s having a significant impact in China,\u201d Treasury<br>Secretary Steven Mnuchin told legislators. But for the US economy \u201cI don\u2019t expect that the coronavirus will have an impact beyond this year.\u201d<\/p>\n\n\n\n<p>He echoed the comments from Federal Reserve Chairman Jerome Powell, saying, \u201cwe\u2019re obviously monitoring very carefully.\u201d &#8212; NNN-AGENCIES<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, Feb 13 (NNN-AGENCIES) &#8212; It is too early to tell the economictoll from the Covid-19 outbreak in China, but the hit to global growth should be mild,\u201d International Monetary Fund chief Kristalina Georgieva said. The death toll from the new coronavirus epidemic in China has climbed past 1,350, but hopes have risen that the [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":61887,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208,215],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/61860"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61860"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/61860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/61887"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61860"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}