The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.”There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women’s Forum in Dubai.She said the full impact of the spreading disease that has already killed more than 1,600 people would depend on how quickly it was contained. If the disease is “contained rapidly, there can be a sharp drop and a very rapid rebound”, in what is known as the V-shaped impact, she said.Compared to the impact of the Severe Acute Respiratory Syndrome (SARS) in 2002, she said China’s economy then made up just 8.0 percent of global economy. Now, that figure is 19 percent.She said the trade agreement between the United States and China, the world’s first and second economies, had reduced the disease’s impact on global economy.But the world should be concerned “about sluggish growth” impacted by uncertainty, said the IMF chief.”We are now stuck with low productivity growth, low economic growth, low interest rates and low inflation,” she told the Dubai forum, also attended by US President Donald Trump’s daughter Ivanka and former British prime minister Theresa May.Topics : “I advise everybody not to jump to premature conclusions. There is still a great deal of uncertainty. We operate with scenarios, not yet with projections, ask me in 10 days,” Georgieva said.In its January update to the World Economic Outlook, the IMF lowered global economic growth forecast in 2020 by a 0.1 percentage point to 3.3 percent, following a 2.9 percent growth the previous year, the lowest in a decade.Georgieva said it was “too early” to assess the full impact of the epidemic but acknowledged that it had already affected sectors such as tourism and transportation.”It is too early to say because we don’t yet quite know what is the nature of this virus. We don’t know how quickly China will be able to contain it. We don’t know whether it will spread to the rest of the world,” she said.
May 22, 2017 Press Release, Public Health, Statement Harrisburg, PA – Today, Governor Tom Wolf thanked Department of Health Secretary Karen Murphy for her work to battle the heroin and opioid epidemic, implement the medical marijuana program and transform rural healthcare while expertly overseeing a complex organization that led efforts to address all emergent public health issues facing Pennsylvania.Secretary Murphy is leaving the state for a position in the private sector.“Secretary Murphy is a leader in public health and health administration and has been a valuable member of my administration,” Governor Wolf said. “Secretary Murphy has contributed significantly to our efforts to address the most important health issues facing Pennsylvania and been a key figure in my administration’s fight against the heroin and opioid epidemic. She led the implementation of the Prescription Drug Monitoring Program, which has nearly 90,000 participants and more than 7 million queries since August of 2016.“One of the most important pieces of legislation passed into law over the past two years was medical marijuana legislation. Since the passage of the legislation, Secretary Murphy oversaw the plan to develop the regulatory structure of the program to ensure that patients can get medication in under two years.“Throughout all of these significant efforts, Secretary Murphy has addressed public health challenges like emerging disease including the Zika outbreak. She also took on some of the biggest challenges facing public health, including reforming the oversight of nursing homes and developing a transformation initiative for rural hospitals.”“It has been an honor and a privilege to serve in Governor Wolf’s administration,” said Secretary Murphy. “I am certain that the administration and dedicated men and women at the Department of Health will continue their efforts to improve the health of all Pennsylvanians.“We will miss Secretary Murphy, and we wish her well as she pursues new opportunities to improve public health,” said Governor Wolf.In addition to the work on the heroin and opioid epidemic, nursing home reform, medical marijuana, and the Zika outbreak, under Secretary Murphy’s leadership the Department of Health made strides toward improving public health in Pennsylvania, including:The Department of Health improved the state’s childhood immunization regulations to ensure that every school-aged child gets the appropriate vaccinations within five days from the start of school. And the Department of Health provided more than 20,000 vaccinations just last year for illness like flu, pertussis and meningitis;The Department of Health received a $25 million grant from the federal government to implement the Pennsylvania Rural Health Transformation Initiative, that included a multiplayer global budget for rural hospitals; andThe Department of Health worked to educate residents on disease prevention, ranging from diabetes to HIV/AIDS to childhood obesity and Lyme to improve the quality of life for all Pennsylvanians.Secretary Murphy has extensive knowledge of the health care industry and is a proven executive who has demonstrated her ability to lead complex organizations and initiatives in both the public and private sectors. Prior to assuming her role in Governor Wolf’s cabinet, she served as Director of the State Innovation Models Initiative, a $900 million investment by the Center for Medicare and Medicaid Innovation aimed at accelerating health care innovation across the nation. She was the former President and Chief Executive Officer of the Moses Taylor Health Care System. Prior to that, she served in various roles in health care administration. As founder and Chief Executive Officer of Physicians Health Alliance, Inc. (PHA), Secretary Murphy led an integrated medical group practice within Moses Taylor Health Care System.She previously served as a Clinical Faculty Member in the Medicine Department at The Commonwealth Medical College. She earned her Doctor of Philosophy in Business Administration from Temple University’s Fox School of Business, a Master of Business Administration from Marywood University, a Bachelor of Science from the University of Scranton, and a diploma as a registered nurse from the Scranton State Hospital School of Nursing. She is an author and national speaker on health policy and health care innovation Department of Health Secretary Karen Murphy to Leave the Wolf Administration for the Private Sector SHARE Email Facebook Twitter