IMF expects V-shaped recovery from outbreak

Assessment based on China's efforts to restart factories to make up for lost time

The International Monetary Fund expects to see a "V-shaped" recovery of China's economy from the novel coronavirus outbreak, as it is gathering data to assess the full impact, IMF Managing Director Kristalina Georgieva said on Wednesday.

"Let me first say that before we think about the economic impact, we have to recognize that this is a tragedy for people that are affected, those who lose their lives and their families and communities," the Bulgarian economist said.

"And therefore, it is right to concentrate first and foremost on restricting the epidemics and then making sure that less people suffer."