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IMF calls for 'substantial' stimulus against coronavirus

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AFP Washington
Last Updated : Mar 09 2020 | 6:40 PM IST

Governments should deploy "substantial" stimulus and international coordination to counteract the economic impact of the spreading coronavirus epidemic, the International Monetary Fund's chief economist said on Monday.

Given the "acute shocks" caused to economies, consumers and businesses, Gita Gopinath said "policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to help affected households and businesses."

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First Published: Mar 09 2020 | 6:40 PM IST

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