IMF chief says virus may warrant coordinated economic action

The Business Times | Feb 15, 2020 at 12:00 AM
  • The head of the International Monetary Fund (IMF) said global central banks and governments may need to unite to fight the economic fallout from the coronavirus as banks lower growth forecasts.
  • HSBC Holdings Plc this week became the latest bank to cut its outlook for global growth, reducing it to 2.3 per cent from 2.5 per cent.
  • Thailand and Malaysia have cut interest rates, most major central banks have signalled an alertness to the virus but not indicated they plan easing.