IMF urges substantial stimulus to fight Covid-19
A woman wearing a mask walking past the New York Stock Exchange yesterday. The Dow Jones industrial average was down as much as 2,000 points, and trading was temporarily halted as a backstop to the sell-off, as investors around the world are continuing to react to impact of the coronavirus epidemic. – EPA pic, March 10, 2020.
THE International Monetary Fund called on governments worldwide yesterday to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses. But while several countries have taken steps to cushion the blow to their economies and boost confidence, including the United States, there has been little visible coordination among policymakers like there was at the height of the 2008 global financial crisis.
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