Coronavirus outbreak: IMF, World Bank discuss COVID-19 impacts on global economy

IMF and the World Bank held a news conference on the global response to the novel coronavirus outbreak and the virus' impact on the global economy.

As the number of new cases drops abruptly in China, attention has shifted to South Korea, Italy and Iran, sites of major clusters of contagion that the World Health Organization said accounts for 80 per cent of new cases outside China.

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