The International Monetary Fund views its $1 trillion in lending capacity as “quite substantial” to help members deal with the coronavirus pandemic, but further resources may be needed as the full brunt of the crisis reaches developing countries, its chief economist told the Reuters news agency.
here are some highlights of what is going on around the world ;
- IMF issues stark economic warning as confirmed infections worldwide approach the 2m mark and death toll tops 120,000.
- IMF says the global economy is expected to shrink by 3 percent this year, forecasting the steepest downturn since the Great Depression of the 1930s
- Total number of coronavirus cases in Russia has surged past 20,000 as the country posted a record number of daily cases.
- Some 1.93 million people around the world have now been confirmed to have the new coronavirus, according to data compiled by Johns Hopkins University. More than 120,000 have died, while nearly 450,000 have recovered.
- France becomes the fourth country in the world to pass the 15,000 coronavirus death toll.
- Sweden says the number of coronavirus deaths in the country has exceeded 1,000.
