G-20 vow close monitoring of virus impacts, IMF warns of recession

Finance chiefs from the Group of 20 economies agreed on Monday to closely monitor the economic impacts of the coronavirus pandemic, while the International Monetary Fund warned of a looming recession possibly worse than that during the 2008 global financial crisis.The spread of the new coronavirus, which has heavily disrupted business activities and restricted people's movements worldwide, is raising fears that the situation may turn into a global economic crisis. Countries and central banks are taking steps to weather the economic impacts, but have yet to dispel the uncertainties ahead.Ack…READ FULL ARTICLE