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IMF chief says the global economy is already stuck in a coronavirus-fueled recession — and only a coordinated worldwide effort will save it
Countries should use their entire policy arsenal to combat the virus, Kristalina Georgieva, chairwoman of the International Monetary Fund, said.
"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
"The case for a coordinated and synchronized global fiscal stimulus is becoming stronger by the hour," the IMF's Kristalina Georgieva said.
The former US Treasury Secretary wants accessible credit, tariff cuts, government spending, and multinational aid.
These 4 policy tools have been used by central banks and organizations to fight the economic fallout from coronavirus
The Federal Reserve was among the first authorities to boost stimulus amid the escalating virus by cutting its benchmark interest rate Tuesday.
Investors weren't impressed by US and Chinese officials and the International Monetary Fund's efforts to mitigate the epidemic's economic impacts.
IMF slashes key growth forecast and warns against ‘a more adverse scenario for the global economy’ as coronavirus spreads
The IMF revised its 2020 forecast for global growth to below the 2.9% rate seen in 2019, a break with previous expectations for GDP to pick up.
The incoming ECB boss discussed the US president, the trade war, Brexit, and other economic risks and uncertainties during a "60 Minutes" interview.
China’s growth slumped to a record low last quarter — and it could drop even lower next year, the IMF warns
"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.