IMF declares influence of COVID to economy

The consequences of the coronavirus pandemic will be "rather serious."

According to Report citing RIA Novosti, this is the opinion of the Director of Strategy, Policy, and Analysis of the International Monetary Fund, Martin Muleisen.

At the same time, he noted that the world economy is ready for shocks and can cope with the crisis.

According to the expert, the continued economic expansion and high employment rate created a buffer against the weakening of economic activity due to the pandemic.

"The essence of combating the crisis should be to limit the spread of the virus," he stressed.

On March 11, the World Health Organization declared the outbreak of the new coronavirus COVID-19 a pandemic. The number of infected in the world exceeds 234 thousand people; almost 10 thousand died.