The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said on Sunday in the emirate city of Dubai that the growth of the world economy, estimated at 3.3% by 2020, could be seen 0.1 to 0.2% by the coronavirus outbreak, although it is still too early to know its impact.
«We expect our prediction to be 3.3%, here perhaps (there could be) a 0.1 to 0.2% cut in the percentage space in the 3.3% growth in 2020,» Georgieva said, during an intervention at the 2020 Global Women’s Forum in Dubai.
The imf’s head said that if Wuhan’s coronavirus (COVID-19) is contained quickly, there could be a sharp drop in the economy followed by a «very rapid recovery,» known as a V-curve.
However, he felt that it was still too early to know what the exact impact of the outbreak will be.
«We are in a world with more uncertainty, we have to learn to build more predictability (…) The nature of the virus is unknown as well as how quickly China can contain it,» he concluded.
CoVID-19 deaths continue to rise and are already in 1,665 people in China, after 142 deaths were added to the official count on Sunday.
By contrast, the new confirmed cases in the Asian country are on a downward trend: while the Chinese National Health Commission announced 5,090 new cases on Friday and Saturday 2,641, in today’s last count this figure drops to 2,009 people.
The United Arab Emirates has so far accounted for eight cases of coronavirus, including four members of a Chinese family, although at least three of them have already recovered.