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International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank's 2019 Annual Meetings of finance ministers and bank governors, in Washington

IMF warns the looming coronavirus recession will be at least as bad as the Global Financial Crisis

"The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be," said Kristalina Georgieva

These are the 6 relief tools major countries are using to fight an inevitable coronavirus recession

G-20 countries are employing everything from short-selling bans to tax deferrals to cushion against a looming economic recession.

Bitcoin price rockets 23% as investors look for a new safe haven. ‘The crypto king is on fire.’

Cryptocurrencies have seen a remarkable resurgence as investors flock to relative safe havens amid a flurry of stimulus measures by central banks

Goldman Sachs, JPMorgan, and 6 other banks suspend share buybacks to deal with ‘unprecedented challenge’ from the coronavirus outbreak

The announcement from the big lenders comes just as the Fed announced a 100-basis-point rate cut to near zero.
Federal Reserve Chairman Jerome Powell

Here’s why global stocks are plunging despite the ‘big bazookas’ from central banks around the world

"Until we see an end in sight for the virus and the number of infections globally peak, markets are going to be extremely volatile," said one analyst.
International Monetary Fund (IMF) Managing Director Christine Lagarde gestures as she arrives at a G-24 meeting during 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013.

European Central Bank announces fresh stimulus in response to coronavirus outbreak

The ECB announced a temporary asset purchase of 120 billion euros until the end of this year to tackle "heightened uncertainty."

Wall Street expects the Fed to slash rates to 0% as coronavirus spreads

The sharp rise in rate cut expectations came as COVID-19 sparked fears about a potential downturn in the largest economy.
Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 8, 2019.

G7 countries vowed to combat economic pain from coronavirus. But they stopped short of specifics, leaving analysts skeptical.

"This is a disappointment compared to previous hopes of an immediate and coordinated fiscal package and interest rate cuts," one analyst said.

G7 countries could team up to shield the global economy from further coronavirus damage

Policymakers and businesses have scrambled to contain the spreading virus, which has raised serious red flags around the global economy.
FILE PHOTO: Jerome Powell holds a news conference in Washington

Powell signals Fed is open to rate cut as coronavirus raises economic concerns

Powell said the fundamentals of the US economy remained strong but signaled that the central bank was open to a rate cut if necessary.