OctaFX | OctaFX Forex Broker
Open trading account

IMF’s Georgieva: Too soon to tell economic impact of Wuhan coronavirus on China

While speaking at a forum on Thursday, the head of the International Monetary Fund (IMF) Kristalina Georgieva noted the following comments.

It is still too soon to gauge the economic impact of the virus outbreak on China's economy, beyond the first three months of the year.

It would be irresponsible to offer any speculations around what may happen.

The immediate impact is obvious. We have travel, tourism, manufacturing in China, and a little bit beyond China in Asia being impacted.

For this quarter, very likely there would be some negative impact.

But beyond that "we just observe and assess.

The outbreak highlights the "unpredictability" that has become the norm in the world.

Preparedness, prevention, early action ... has to get into the bloodstream of policymakers, it is, whether it is pandemics or a climate shock or geopolitical tension.

  • US Pres. Trump: Coronavirus outbreak is 'very well under control'
  • US issues level 4 advisory to its citizens not to travel to China
  • Asian stocks consolidate losses amid cautious optimism

EUR/USD eyes biggest monthly loss since July 2019

EUR/USD is on track to post its biggest monthly decline in six months. At press time, the currency pair is trading at 1.1025, representing a 1.76% dro
Read more Previous

AUD/USD Price Analysis: Bears catching breath near 0.6700 amid oversold RSI

AUD/USD steps back from the intra-day low of 0.6705 to 0.6712 ahead of the European session on Friday. The pair dropped to a nearly four-month low on Thursday.
Read more Next
Start livechat