IMF warns of economic spillover from virus, urges global cooperation

The International Monetary Fund on Wednesday warned that economic impacts from the new coronavirus outbreak in China could spill over into the global economy, and called for international collaboration to contain the economic damage.In a report released ahead of a meeting of finance chiefs from the Group of 20 major economies in Saudi Arabia, the IMF said global growth appears to be "bottoming out" and the projected recovery is "fragile" amid some downside risks."Several headwinds continue to hold back growth. The coronavirus, a human tragedy, is disrupting economic activity in China as pro…READ FULL ARTICLE