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

"Incoming data from many countries is worse than our already pessimistic projections," Georgieva said during a webcast conference sponsored by the Financial Times.

  
International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes reference to the work she has ahead of her as she arrives for her first day in her new post at IMF headquarters in Washington, U.S. October 1, 2019.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes reference to the work she has ahead of her as she arrives for her first day in her new post at IMF headquarters in Washington, U.S. October 1, 2019.

REUTERS/Jonathan Ernst

WASHINGTON- 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.

"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."

(Reporting by David Lawder Editing by Chizu Nomiyama) ((David.Lawder@tr.com; +1 202 354 5854; Reuters Messaging: david.lawder.thomsonreuters.com@reuters.net))


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