Global economy is set for a fragile and shallow recovery and the coronavirus outbreak in China is posing a new threat to the outlook, the International Monetary Fund said Wednesday.
"Global growth appears to be bottoming out, but the projected recovery is fragile," the lender said in a surveillance note for the G20 finance ministers and central bank governors meeting to be held in the Saudi Arabian capital of Riyadh on February 22-23.
"The projected recovery is expected to be shallow and subject to downside risks," the note said.
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