A view of the City of London, in London, Britain, March 4, 2020. The impact of coronavirus on British economy could "prove large but will ultimately be temporary", Mark Carney, governor of Bank of England (BoE) said Tuesday. (Photo by Tim Ireland/Xinhua)

IMF forecasts global growth in 2020 would drop below last year's level of 2.9 percent. China brings hope of recovery with a "good sign for the global economy."

BEIJING, March 7  -- As the number of COVID-19 confirmed cases worldwide has reached over 100,000, the world's major economies including the United States, Europe and South Korea have felt the resulting impact on their markets.

Meanwhile, positive developments such as a nationwide return to work and resumption of production in China bring hope of recovery, which, as some experts said, is a "good sign for the global economy."

On Friday, U.S. stocks ended lower as the market sell-off continued amid concerns of slower economic growth. The German DAX index continued to fall and has so far decreased by more than 13 percent within the last two weeks.