Only through steadfast multilateral policy coordination and flexible, effective measures can global financial markets weather the storm safely and achieve stability and development.

Financial markets are grounded in trust. When trust falters, dislocation follows. Panic in short-term financing markets in the United States could ignite a larger crisis in the overall economy, creating a vicious circle that undermines growth.

The predictable downward revision cycle for the global economic outlook has officially begun. That’s the message from the semi-annual World Economic Outlook just released by the International Monetary Fund, which reinforces earlier revisions from several prominent private forecasting teams.

Despite intensifying acrimony, in the face of the most devastating economic crisis since the Great Depression, the two governments shelved differences, pursued cooperation, and led an international collective effort to stabilize the global financial system.

The economic impact of COVID-19 cannot be understated. The longer the pandemic lasts, the worse our chances for quick recovery.

The coronavirus pandemic has sent firms into a frenzied dash to raise cash, a somber sign that the worst of the coronavirus is still ahead of us. Central banks may be called on yet again to prevent a global funding crisis.

Global financial conditions, including heavy debt, are nearing a tipping point that could lead to protracted trouble. Protectionism and other factors risk disrupting the world’s fragile supply chains and driving the world into a 1930s-grade catastrophe.

The shock of the combined global public health, economic and financial crises has far exceeded that of the world financial crisis in 2008 its subsequent economi

The two countries followed dramatically different paths in managing the pandemic, inviting comparisons of their governance models. Certainly, this is a test of leadership. The country that drives the international response will be in the driver’s seat in reshaping globalization.

The COVID-19 pandemic could ignite economic calamity in the foreseeable future. It will require policymakers around the globe to engage in cooperation to halt a crisis before it is too late.