Economic powers offer emergency help in coronavirus crisis
Markets rally after governments, central banks, IMF and World Banks agree to do 'whatever is needed'
The world's economic powerhouses launched a coordinated push to show they can cope with the fallout from coronavirus, after the Organisation for Economic Cooperation and Development (OECD) warned global growth could be cut in half.
Governments, central banks and international economic institutions agreed on Monday to do whatever it takes to prevent economic meltdown, prompting signs of recovery on stock markets still reeling from their worst week since the financial crisis of 2008.
Related: Coronavirus escalation could cut global economic growth in half - OECD
The World Health Organization is recommending that people take simple precautions to reduce exposure to and transmission of the Wuhan coronavirus, for which there is no specific cure or vaccine.
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