IMF chief calls for all-out offensive to counteract epidemic

Washington (AFP) – IMF chief Kristalina Georgieva on Wednesday called for an all-out, “no regrets” response to the new coronavirus epidemic which poses a “serious threat” to the global economy.”At a time of uncertainty… it is better to do more than to do not enough,” she said, warning that the impact of the COVID-19 outbreak will slow growth in the world economy to below the 2.9 percent posted last year.The epidemic “is no longer a regional issue, it is a global problem calling for global response,” Georgieva told reporters, warning that the financial need could top $1 billion.The virus has …

Read More

Like what you read? Didn't like what you read? Weigh in!