Virus Outbreak: Financial crisis likely: World Bank

World Bank chief economist Carmen Reinhart earlier this week said that the COVID-19 pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. “This ... ( read original story ...)

Global finance leaders back stimulus

Global finance leaders on Tuesday said the world economy had so far escaped a collapse triggered by the COVID-19 pandemic, but warned that failure to conquer the outbreak, maintain stimulus and tackle ... ( read original story ...)