IMF issue coronavirus warning

The head of the IMF sounds alarm as the number of cases outside China spikes

Graphs of Cases and deaths as IMF issue warningThe Telegraph business pages report that the world’s “fragile economic recovery” could be derailed by the deadly Covid-19 outbreak, the head of the IMF has warned, as traders brace for a tumultuous week amid signs the virus is spreading rapidly outside China.

Kristalina Georgieva, IMF managing director, said the coronavirus has “disrupted economic activity in China and could put the recovery at risk”, urging finance ministers to put “the global economy on a more sound footing”.

“Even in the case of rapid containment of the virus, growth in China and the rest of the world would be impacted,” Ms Georgieva said at the G20 meeting of finance ministers and central bank governors in Riyadh, Saudi Arabia. The IMF is ready to provide “grants for debt relief to the poorest, most vulnerable countries” through a special trust designed for public health and natural disasters, she added.

The G20’s communique flagged the threat from geopolitical tensions as well as the virus. “We stand ready to take further action to address these risks,” it said.

Concerns over the virus heightened as the authorities in Italy, Iran and South Korea raced to contain a sharp rise in cases outside of China.

Another suspected case in Portugal

IMF issue coronavirus warning 1sicnoticias report that man was admitted to Hospital São João in Porto yesterday as a precaution after returning from Italy, the main focus of the disease in Europe at the moment.

According to the General Directorate of Health, the citizen from Milan, who had two samples sent yesterday to the National Institute of Health – both came back as negative biological results.

 

 

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