TOKYO: The Group of 20 finance officials will be seen discussing the effects of the coronavirus crisis in China on the global economy in Saudi Arabia late this month, Jiji Press learned Monday.

The G-20 advanced and emerging economies will consider economic stimulus measures while closely monitoring developments, at a time when the crisis is hitting manufacturers, tourism businesses and financial markets in many countries, informed sources said.

The G-20 finance ministers and central bank heads will meet in Riyadh for two days from Feb. 22.

Concerns are mounting over negative effects on global supply chains, with many companies in China holding off resuming operations even after China's extended Lunar New Year holiday period ended Sunday.

Tourism industries worldwide have been hit by the outbreak, as more than 60 countries have introduced entry restrictions against Chinese nationals.

China's real gross domestic product growth rate in January-March is expected to fall below 5 pct from 6.0 pct for the previous quarter, according to an estimate by the Daiwa Institute of Research.

The coronavirus crisis "has increased downside risks to the global economy," an international financial affairs source said, adding that the issue is likely to be discussed in a G-20 debate on the global economy.

JIJI Press