How countries around the world are fighting to keep growth afloat as the coronavirus threatens the economy
Concerns about a deadly virus outbreak have rippled far beyond its epicenter in China in recent weeks.
Policymakers have scrambled to reassure businesses and investors whose growth outlooks for 2020 had already dimmed against a backdrop of a broader slowdown and trade tensions. China slashed interest rates on reverse repurchase agreements at the start of the week and injected the equivalent of $173 billion into money markets.
In the US, the Federal Reserve called the coronavirus a"very serious issue" and said it would closely monitor its spread. Risks to the global economy could be substantially larger than a similar health epidemic in 2003, known as the SARS outbreak, because business ties between China and other countries have only deepened since then.
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