The IMF made the worst scenario for coronavirus

МВФ допустил наихудший сценарий из-за коронавируса

The organization called for international cooperation and assured of his willingness to provide loans.

The managing Director of the International monetary Fund Kristalina Georgieva announced two variants of development of world economy against the background of the epidemic of the coronavirus in China, according to the website of the press service of the organization on 22 February.

According to her, the appearance of the disease in any case, will adjust the IMF forecasts, which were published in January. Then it was assumed that the world economy in 2020 will grow by 3.3 percent compared to last year.

“But then the coronavirus led to lower business activity in China,” Georgieva said during a speech in Riyadh.

According to her, the Chinese authorities have done much to mitigate the negative effects of the coronavirus.

Under the current baseline scenario, i.e. if the spread of the disease will cease in the near future, the Chinese economy will return to its normal condition in the second quarter, and therefore, the impact on the global economy will be minimal.

As noted Georgieva, in this scenario, global economic growth will amount to at the end of the year 3.2 percent.

“But we consider the worst case scenario in which the virus will continue to spread around the world, which will inevitably affect the economic component”, – said the head of the IMF.

She also stated the need for global cooperation: “the time has Come to recognize the presence of risks for countries with poorly developed health care system.”

Georgieva noted that the IMF stands ready to provide countries with appropriate credits.