What More Will It Take to Save the Global Economy From COVID-19?

A security guard stands next to shuttered shops in Beijing, China, April 15, 2020 (AP photo by Mark Schiefelbein).
A security guard stands next to shuttered shops in Beijing, China, April 15, 2020 (AP photo by Mark Schiefelbein).

As the global death toll from the coronavirus pandemic continues to mount, so does the economic wreckage. Millions more people are joining the already swollen ranks of the unemployed this week, and oil prices continued their historic rout. China’s GDP contracted for the first time in nearly half a century during the first three months of this year, and the International Monetary Fund predicts that the global economy will shrink by around 3 percent in 2020. Of course, governments and central banks around the world are doing whatever they can to contain the fallout. But will it be enough? For […]

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