IMF warns of consequences of Covid-19

Countries are being advised to prepare for broad economic consequences of the coronavirus (Covid-19).According to a spokesman for the International Monetary Fund (IMF), countries hit by a sudden and unexpected public health emergency – as Covid-19 is proving to be – can see their economies slow and their budgets squeezed as they spend more to counter the impact of the virus.At the same time, they may experience a drop in revenue from falling ec onom ic a c t iv it y.Countries could also face lower export revenues due to falling tourism or a decline in commodity prices.

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