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Coronavirus

IMF downgrades China GDP growth outlook to 5.6%

G-20 gathers as virus shock looms on global economy

German Finance Minister Olaf Scholz and Saudi Minister of Finance Mohammed al-Jadaan seen walking at the G-20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia on Feb. 22.   © Reuters

RIYADH (Kyodo) -- The finance chiefs of the Group of 20 major economies on Saturday agreed to coordinate efforts as the new coronavirus outbreak in China emerges as a potential risk to the global economy, Japanese Finance Minister Taro Aso said.

It is the first G-20 gathering since the outbreak of the pneumonia-causing virus has brought the Chinese economy nearly to a standstill amid efforts to contain the disease. The epidemic has already claimed the lives of more than 2,000 people and has spread to more than two dozen countries including neighboring Japan.

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