Coronavirus and the Global Economy
If developing countries’ health systems come under pressure, the US, Europe, and others should step up quickly with technical assistance and essential supplies. Unfortunately, there has so far been a worrying lack of leadership especially by US President Donald Trump's administration.
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WASHINGTON, DC – The emergence of COVID-19, a new coronavirus, is a tragic public-health emergency. The disease, one hopes, will be brought under control quickly, but the International Monetary Fund is already warning that economic growth in China may slow. As we watch the situation unfold, three broader risks to the global economy are also becoming more apparent.