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ASIAN (E)

Coronavirus: IMF again cuts 2020 China growth forecast as Covid-19 shakes the global economy

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The International Monetary Fund (IMF) has slashed its 2020 growth outlook for China to below 5.6 per cent because of the “sheer geographic spread” of the coronavirus epidemic globally, IMF managing director Kristalina Georgieva said on Wednesday.Last month, the IMF forecast the outbreak could lower China’s economic growth this year to 5.6 per cent – 0.4 percentage point below the organisation’s January estimate.The forecast early this year was based on two assumptions – that the crisis would…



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