The coronavirus is plunging the world economy into recession, forcing central banks and governments to race to the rescue.
Stimulus plans totaling trillions of dollars across major economies have been crafted to prop up businesses forced into lockdown and support the swelling ranks of unemployed workers.
As for monetary policy makers, they have slashed interest rates to record lows and restarted or launched massive asset purchases, aiming to support growth and head off a financial crisis.
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.