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Fight virus first, worry about stimulus later: Raghuram Rajan

Feb 28, 2020 16:29 IST

The best thing that governments can do at this point is to really fight the coronavirus epidemic and worry about stimulus later, said Raghuram Rajan, former RBI governor. The priority should be to convince companies and households that the virus is under control, he told Bloomberg. The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago. The virus outbreak will force companies to rethink supply chains and overseas production facilities, Rajan added. Bank of America economists warned clients on Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

Economy