The coronavirus epidemic could damage global economic growth this year, the IMF head said on Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1 to 0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women's Forum in Dubai.
Brazil’s Economy Ministry on Monday raised its projection for the country’s trade surplus this year to US$56.7 billion from US$50 billion but warned that trade activity will decline due to slowing global economic growth.