Economic shock of pandemic “worse than global financial crisis”: IMF

The International Monetary Fund chief on Friday stressed the gravity of the economic impact of the coronavirus pandemic, calling it “way worse than the global financial crisis” of 2008.The IMF has joined forces with the World Health Organization to tackle the impact of COVID-19, which has resulted in more than 50,000 deaths worldwide amid over 1 million infections.IMF Managing Director Kristalina Georgieva said the Washington-based institution stands ready to use what she calls a “$1 trillion war chest” to any extent necessary to protect the global economy.She emphasized that saving lives and …

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