▲ Crystalline Georgieva, President of the International Monetary Fund (IMF)


Crystalliner Georgieva International Monetary Fund (IMF) has lowered China's economic growth forecast to 5.6% this year, due to the spread of Coronavirus Infection-19 (Corona 19).

This is 0.4 percentage points lower than the IMF's 6.0% forecast in the monthly report last month.

Mr. Georgieba attended a meeting of the finance ministers of 20 major countries (G20) in Riyadh, Saudi Arabia.

"In this scenario, the Chinese economy will normalize in the second quarter of this year and the impact on the international economy will be relatively minor and short-lived." Will further shrink global economic growth. "

"In January, we set this year's global economic growth forecast at 3.3%, 0.4 percentage point higher than last year," he said. "We are lowering this forecast by about 0.1 percentage point as Corona19 spreads."

"The impact on the world economy will depend on how quickly we control the spread of Corona19 and how quickly China and the affected economies return to normal," Georgieva said.

In a panel discussion, he predicted that the world and China's economic growth rate would drop sharply due to the spread of Corona 19 and show a 'V' graph that recovers quickly.

French finance and finance minister Bruno Lemer told Reuters: "It is not clear whether the global economy will quickly recover to a V-shape according to Corona 19, or become an" L-shape "that will lead to a long-term recession after the recession."

(Photo = Getty Images Korea)