This article appeared online at TheNewAmerican.com on Thursday, March 5, 2020:
Estimates from the International Monetary Fund (IMF) show the impact of measures mandated by the Chinese communist government to staunch the spread of the COVID 19/Coronavirus. In January, the IMF reduced its growth outlook from 6.4 percent for 2020 to 6.1 percent. On Thursday it reduced that outlook further, to 5.6 percent, thanks to what the IMF’s managing director Kristalina Georgieva called the “sheer geographic spread” of the virus.
And the group’s forecast could be reduced further: “We are already looking at adverse scenarios … in which the impact on growth for China is more significant.… The Chinese authorities themselves are recognizing that there would be lower growth this year.”
The IMF noted, for example, that