The make-or-break moment in the coronavirus fight could come this week [Financial Post (Toronto, Ontario, Canada)]
DBS GROUP HLDGS LTD S/ADR (DBSDY)
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Source: Financial Post
The make-or-break moment in the coronavirus fight could come this week ‘This may be the greatest global crisis we've faced in the postwar period’ The world’s ability to check the coronavirus contagion and fully recover from the worst peacetime recession since the Great Depression may depend on what international economic policy makers decide this week. With emerging markets and developing nations facing health emergencies, collapsing demand and cash crunches, the guardians of the global economy are under the gun to ease the strains at this week’s video-conferenced meetings of the International Monetary Fund and World Bank. “It’s a make-or-break moment,” said former IMF chief economist Maury Obstfeld. “This may be the greatest global crisis we’ve faced in the postwar period.” Having all taken steps to support their individual economies, failure by the leading Group of 20 countries to now act together could consign the world to “reservoirs of disease” and trigger outward migration from
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