Coronavirus: Serious threat to world economy, says IMF

"The coronavirus outbreak poses a serious threat to the world economy," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday. "189 member countries committed to coordinated action to fight the virus. Over one-third of IMF members are affected by coronavirus.""Demand is falling due to higher uncertainty, increasing precautionary behaviour," added. "The shock of coronavirus is unusual, affects supply and demand and restricts mobility."