We’re in the midst of an unprecedented global collapse in industrial production, retail sales, business confidence and investment with rising coronavirus infections and death tolls. While more efforts are devoted to contain the virus, central banks and governments have carried out stimulus policies to shore up economies against the pandemic. How have markets reacted to these relief measures? Is the world economy inevitably headed for a recession? If so, how bad and how fast? What more can governments and individuals do to stave off an economic crisis on top of the health crisis?
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