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China Daily / 2020-03 / 26 / Page009

Policy action for healthy world economy

By Kristalina Georgieva | China Daily | Updated: 2020-03-26 00:00

While quarantining and social distancing is the right prescription to combat COVID-19's public health impact, the exact opposite is needed when it comes to securing the global economy.

Constant contact and close coordination are the best medicine to ensure that the economic pain inflicted by the virus is relatively short-lived.

Many governments have already taken significant steps, with major measures being announced on a daily basis-including the bold, coordinated moves on monetary policy.

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