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.
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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
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