IMF: Global policymakers have to take measures to reduce injury from COVID-19
The International Monetary Fund (IMF) warned that the global economy might be severely impacted by the COVID-19 epidemic, so policymakers should take corresponding measures to minimize the damage.
The impact on the economy caused by the epidemic was predicted not to be serious as the financial crisis in 2008, but economies that rely on tourism or service industries might be harmed the most due to the virus.
Compared with developed countries, the emerging economies and developing economies will suffer from economic injury for a longer period due to their relatively smaller scale of stimulus measures.
