Governments step up economic response to coronavirus

Paris (AFP) – Governments and central banks on Monday stepped up efforts to shield the world economy from the impact of the coronavirus which experts say may  have already sent growth into reverse.Investors welcomed indications from leading central banks that they stood ready to intervene, with global stock markets shooting higher Monday after a brutal selloff last week.US Federal Reserve boss Jerome Powell started the effort to calm market on Friday saying the US central bank “will use our tools and act as appropriate to support the economy”.On Monday, the Bank of Japan said in a rare stateme…

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