IMF: Coronavirus Pandemic to Cause Global Recession in 2020
IMF Managing Director Kristalina Georgieva welcomed extraordinary fiscal actions already taken by many countries to boost health systems and protect affected companies and workers, and steps by central banks to ease monetary policy, Reuters reports.
– Even more will be needed, especially on the fiscal front – Georgieva emphasized.
She said the IMF would massively step up emergency finance, noting that 80 countries had already requested its help.
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