Martin Wolf: The world economy is now collapsing

A microbe has overthrown our arrogance and sent global output into a tailspin
Gordon Brown and Lawrence H. Summers, en The Washington Post: National governments have gone big. The IMF and World Bank need to do the same.

In its first World Economic Outlook report since the spread of the coronavirus and subsequent freezing of major economies, the IMF estimated Tuesday that global gross domestic product will shrink 3 percent this year.