The International Monetary Fund cited limited but encouraging signs of recovery in China, the first country to suffer the full force of the COVID-19 pandemic, but said it could not rule out a resurgence of the pandemic in China and elsewhere.
In a blog published Monday, top IMF economists said the pandemic caused by the new coronavirus had pushed the world into a recession that would be worse than the global financial crisis, and called for a global, coordinated health and economic policy response.
“The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments,” the IMF experts wrote.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cuomo says New York getting 1,000 ventilators from China to help in coronavirus battleChina and Oregon are sending 1,140 ventilators to New York, which is running out of them. Cuomo is moving 500 more from upstate New York to downstate.
Read more »
As Trump administration debated travel restrictions, thousands streamed in from ChinaDuring that time, the National Security Council staff, the state department and other federal agencies argued about everything from how best to screen for sick travelers to the economic impact of any restrictions, according to two government officials familiar with the deliberations. The NSC staff ultimately
Read more »
China rights lawyer released after five years in jailA leading Chinese human rights lawyer has been released from prison after almost five years behind bars, his wife said Sunday. Wang Quanzhang, 44, was first detained in 2015 in a sweeping crackdown on more than 200 lawyers and government critics in China as President Xi Jinping tightened his grip on
Read more »
Trump's moves to hold medical supplies tip Trudeau to ChinaParallel efforts to combat the coronavirus are fraying an already tense alliance as Justin Trudeau struggles to rely on the Trump administration for critical medical supplies
Read more »