International Monetary Fund Managing Director Kristalina Georgieva (File Photo: Reuters) 
Business

IMF chief says coronavirus hits economic data hard, growth forecast cuts 'very likely'

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that it was “very likely” that the Fund will cut global growth forecasts further as the coronavirus is hitting many economies harder than previously projected.

migrator

Washington

“Incoming data from many countries is worse than our already pessimistic projections,” Georgieva said during a webcast conference sponsored by the Financial Times. “Very likely we are going to come up with the update to our projections sometime in June, and at that point...our expectation is that there would be a bit more bad news in terms of how we see 2020.”

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

VOC Port in Thoothukudi to set up India’s first offshore wind turbine

PM Modi to inaugurate Metro rail project in Chennai on October 11: Pon Radhakrishnan

How can you challenge a statewide scheme? Madras High Court to private bus operator

'Form 6 modification not approved by us', say SC; seeks EC's response

For Angkrish Raghuvanshi, love for cricket outlasts every setback

SCROLL FOR NEXT