minus academy faq plus academy faq Check in circle Apple Android Home Magnifer Calculator Mail Email Facebook Twitter RSS Linkedin Linkedin hollower Headphones Wechats Instagram Line Mail 2 Phone Phone 2 Minus Plus Arrow right Arrow left (variant 2) Arrow right (variant 2) Brand logo Brand logo not filled Hamburger Flag of the Hong Kong Flag of the US/GB Flag of the US/GB Flag of the US/GB Flag of the China Flag of the China Flag of the China (traditional) Flag of the Taiwan Flag of the Hong Kong Flag of the Spain Flag of the Russia Flag of the France Flag of the German Flag of the Portugal Flag of the Italy Flag of the Poland Flag of the Czech Flag of the Hungary Flag of the Sweden Flag of the Bulgarian Flag of the Finland Flag of the Lithuania Flag of the Denmark Flag of the Croatia Flag of the Estonia Flag of the Norway Flag of the Romania Flag of the United Arab Emirates Flag of the United Arab Emirates Flag of the Indonesia Flag of the Malaysia Flag of the Korea Flag of the Korea Flag of the Samoa Flag of the Vietnam Flag of the Thailand Flag of the Turkey Flag of the Japan Cross Cross large User Arrow down Arrow up Cube Info list Data comunication Clock Slash
Market News
IMF: Governments Need Measures to Manage Covid Impact

Governments should take measures such as cash distribution and tax relief to deal with the impact of the new coronavirus epidemic, IMF said

10-03-2020 07:40

International Monetary Fund (IMF) chief economist Gita Gopinath said on Monday that government policymakers will need to implement “a large number of” targeted fiscal, monetary and financial market measures to ease the rapidly spreading economic impact of new coronavirus outbreaks.

In a blog posted on the IMF’s website, Gopinath said her first recommendation was to send cash directly to homes and businesses. She added that a broad interest rate cut may increase confidence to effectively stimulate economic activities , but only if business conditions are normal.

On Tuesday in the Asian session, the stock market generally rose slightly as the market expected policymakers to adopt a stimulus policy to assure some panic selling. The benchmark 10-year U.S. Treasury yield has doubled to 0.68%, and oil prices have risen more than 6%, making people hope that at least in the short term, the market has found a bottom.