The G7 countries will take "concerted action" to limit the impact of the Coronavirus outbreak on economic growth, and their finance ministers will discuss how best to act this week, French Finance Minister Bruno Le Maire said on Monday ,
"There will be a concerted action. I spoke to G7 President Treasury Secretary Steven Mnuchin yesterday and this week we will have a G7 finance ministerial phone call to coordinate our responses," said Le Maire to France 2 Television.
He also said that euro area finance ministers would also get in touch and speak to ECB chief Christine Lagarde.
"We need to act in such a way that these effects, which we know are important for growth, are as limited as possible," he added.
Le Maire said when the Corona virus outbreak was confined to China, he expected the crisis to cut French economic growth by 0.1 percentage points this year.
"Now that the outbreak is spreading to other countries, the impact on French growth will be much more significant," he said, adding that it was too early to deliver a new figure.
He reaffirmed that the hotel, restaurant, aviation and event industries are the most affected sectors in France.
By Sunday, France had 130 confirmed cases of coronavirus, public health chief Jerome Salomon said on Sunday, increasing the number from 100 the day before.
(This story was not edited by NDTV staff and is generated automatically from a syndicated feed.)