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COVID-19: Whatever it takes

The COVID-19 poses an extraordinary threat to the global economy.
19 March 2020
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    Key takeaways

    • Getting on top of the disease early and safeguarding domestic financial stability can help reduce the supply-side impact
    • If the economic impact of COVID-19 intensifies in the near term, policymakers will need to take further steps
    • Even in this new era of ever more accommodative policy, the economic outlook remains very challenging and  uncertain, while financial market volatility is elevated