Governments urged to boost spending to fight coronavirus risks, as World Bank pledges $12bn - business live

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Overnight, we’ve seen fresh signs that China’s economy is suffering heavy economic damage from the coronavirus. Activity in its service sector slumped at a record pace, according to the latest survey of company bosses. Firms reported that total new business fell at the steepest rate on record, with domestic and overseas demand slumping.

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The world bank pledged 10x more than what Trump thought it would take. Lol. I mean...

They are boosting spending by spreading panic

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