Economics
Global Economic Virus Pain Is Far From Over: IMF Takeaways
- Leaders warn ending stimulus too early would endanger recovery
- China is linchpin for global growth rebound, debt relief plans
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The guardians of the global economy this week confronted a sobering view of the pandemic’s long-term impact six months after it shut down much of the world, though with some reason to be more upbeat.
“The story is less dire than we thought three months ago, but dire nonetheless,” International Monetary Fund Managing Director Kristalina Georgieva said during annual meetings with the World Bank that were held virtually. She and her colleagues warned that policy makers must not prematurely end support in order to avoid setbacks.