“The new coronavirus disease is attacking societies at their core, claiming lives and people’s livelihoods”,saidSecretary-General António Guterres, pointing out that the potential longer-term effects on the global economy and individual countries are “dire”.
Measures to cope with coronavirus impacts
• Global actions must include a stimulus package reaching double-digit percentage points of the world’s GDP, with explicit actions to boost the economies of developing countries. • Regional mobilization must examine impacts, monetary coordination, fiscal and social measures, while engaging with private financial sector to support businesses and addressing structural challenges. • National solidarity needs to prioritize social cohesion and provide fiscal stimulus for the most vulnerable along with support to small- and medium-sized enterprises, decent work and education.
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