Finance ministers and central bank governors of the G20 have conceded that the global economy is headed for a recession and that "co-ordinated fiscal action" is now warranted.
Already 80 countries have approached the International Monetary Fund seeking support to deal with the economic impacts of the coronavirus.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
