G20 sees need to coordinate coronavirus response as IMF trims growth forecasts

G20 sees need to coordinate coronavirus response as IMF trims growth forecasts

RIYADH (Reuters) - The world's top economies called on Saturday for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China's growth this year to 5.6% and shave 0.1 percentage points from global growth.. International Monetary Fund Managing Director Kristalina Georgieva presented the outlook to central bankers and finance ministers from the Group of 20 countries, but said the IMF continued to look at more dire scenarios.. The impact on the world economy would be relatively minor and short-lived," Georgieva said.. "But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted.". Georgieva said global cooperation was essential to containing the virus and its economic impact, particularly if the outbreak turned out to be more persistent and widespread..