IMF: Coronavirus is ‘clearly more impactful’ on global growth than SARS
International Monetary Fund (IMF) Managing Director Kristalina Georgieva told CNBC on Wednesday the new coronavirus that started in China is “clearly more impactful” on the world economy than the 2002-2003 SARS epidemic.
“China was different [then], the world was different,” said Georgieva, in an interview with Ivanka Trump from a U.S. State Department event on economic empowerment for women.
During the SARS outbreak, China was only 8 percent of the global economy, the IMF official pointed out. “Today, China manufactures 28 percent, with possible impact through value chains on other countries.”