Global growth to 'dip below' last year's rate: IMF chief
MG News | March 04, 2020 at 07:45 PM GMT+05:00
March 04, 2020: The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 percent posted last year, IMF chief Kristalina Georgieva said Wednesday.
The COVID-19 outbreak "is no longer regional issue, it is a global problem (that) calls for global response," Georgieva said.
The epidemic's impact on confidence and steps to contain it are impacting economic activity, with the result that "global growth in 2020 will dip below last year's levels," she said.
The IMF in January forecast growth this year of 3.3 percent, which means at least a half point will be lost to the virus.
AFP/APP
Related News
_20260421112347985_f8783f.jpeg?width=280&height=140&format=Webp)
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 163,038.47 114.58M | 0.41% 663.59 |
| ALLSHR | 98,887.69 371.89M | 0.27% 267.58 |
| KSE30 | 48,091.01 47.80M | 0.56% 267.86 |
| KMI30 | 233,976.84 49.26M | 0.53% 1242.85 |
| KMIALLSHR | 64,092.91 187.27M | 0.21% 137.24 |
| BKTi | 44,832.63 16.31M | 0.24% 108.46 |
| OGTi | 33,378.35 2.75M | 1.04% 344.63 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 80,315.00 | 81,450.00 79,240.00 | -890.00 -1.10% |
| BRENT CRUDE | 115.07 | 115.97 114.00 | -1.65 -1.41% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | -0.35 -0.27% |
| ROTTERDAM COAL MONTHLY | 147.10 | 0.00 0.00 | 0.10 0.07% |
| USD RBD PALM OLEIN | 1,182.50 | 1,182.50 1,182.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 101.17 | 102.63 100.60 | -2.10 -2.03% |
| SUGAR #11 WORLD | 19.84 | 19.85 19.51 | -0.40 -1.98% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()