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IMF hopes to rebound… IMF fears Corona 19 contraction

2020-02-20T07:47:16.226Z

As Corona 19 rises, there is growing concern that it could adversely affect the world economy. The International Monetary Fund says, “The impact is greater and lasts longer.” The correspondent Chung Jun-hyung in Washington reports.



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As Corona 19 rises, there is growing concern that it could adversely affect the world economy. The International Monetary Fund's IMF emphasized that “the impact is greater and can last longer,” and that international cooperation is essential.

Correspondent Jeong Jun-hyung reports in Washington.

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"The Corona 19 crisis is the most urgent and uncertain situation," says Georgieva International Monetary Fund.

In a post on the IMF homepage, Georgieva said, "Corona 19 is a global health emergency that was unexpected in January."

"We hope that the economic impact of this event will end in a short time, but unforeseen events can threaten a weak economic recovery."

[GEORGEVA / IMF GOVERNOR (Last 13th): The best scenario we still believe is that a rapid rebound can occur after a sharp recession like the 'V'.]

The IMF warned that the Corona 19 event could have a negative impact on the global economy in a report ahead of the financial ministers' meeting in 20 countries in Saudi Arabia.

If uncertainty continues, slowing growth in China will hurt the global supply chain and weaken investors' sentiment, shocking the global economy.

The IMF also ordered active fiscal policies in each country, saying the economic recovery prospects remain weak.

In particular, we mentioned Korea as a country that has financial capacity but does not reach the potential growth rate, and reaffirmed the need for expansionary fiscal and stimulus monetary policy.

Source: sbskr

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