He said banks and governments had already taken unprecedented measures to provide liquidity to markets and keep them functioning, “maybe more than we needed,” but such steps should be coordinated internationally to amplify their effect.
Leaders of the Group of Seven rich nations last week said they would do “whatever it takes” to respond to the outbreak,but provided no specifics, which left markets unsettled. Muehleisen said financial institutions were more resilient than before the global financial crisis of 2008-2009, and steady growth and high employment rates should create some buffers.
Muehleisen said the IMF was working to address the crisis through zero- and low-interest rate loans and grants, and was ready to help emerging markets deal with sharp capital outflows.
In simple English, the wealthy will be just fine and the poor and already frail will still be poor or dead...
In fact, the media is planting the fear on people who were neglicted by governments, and cannot say anything about elites being killed by this pandemic in Europe, US and most countries in loggerheads with US, there are so many things gone wrong with US aggre
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa coronavirus cases to rise as some undetected: AU body - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Africa will likely see higher numbers of coronavirus cases in coming weeks because of the likelihood some are slipping through the net, the head of a regional disease control body said on Thursday. Why are these people wishing Africa so badly? Who is bringing this virus to Africa? What is their main purpose of having Africans dying? So they are spreading this virus so that they can have a business with Africa; sanitizers, masks, the treatments, cure, and then charge mlns No we will not ❤️🇿🇦🙏 Why?
Source: SABC News Online - 🏆 32. / 51 Read more »
Africa Centres for Disease Control cautions against discrimination amid COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Africa Centres for Disease Control (CDC) and Prevention has cautioned the continent against discrimination during this COVID-19 period via SABCNewsOnline Traveling ban must remain
Source: SABC News Online - 🏆 32. / 51 Read more »
Economists welcome interest rate cut - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Most economists have welcomed the Reserve bank's decision to cut the repo rate by a full percentage point. This gonna affect the Namibian economy badly!disadvantage of pegging!
Source: SABC News Online - 🏆 32. / 51 Read more »
SAA cancels international flights - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The flights are cancelled until May 31, 2020, as part of efforts to contain the coronavirus outbreak that has infected 202 South Africans as of 20th March. covid19inSA sabcnews They should have been done prior to patient Zero's arrival... The best thing to have happened to South African Airways is the outbreak of the CoronaVirus. SAA was struggling alone but the virus has affected ALL airlines hence they will all have to start afresh. But SAA management has to play it strategically and they will come out strongly
Source: SABC News Online - 🏆 32. / 51 Read more »
Tracking coronavirus spread in SA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Tracking confirmed cases of CoVid-19 in South Africa. Since the morning 202 cases, Is one update a day enough ?
Source: SABC News Online - 🏆 32. / 51 Read more »