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On Thursday, leaders of G20 major economies pledged to pump more than $ 5 trillion into the global economy to reduce job losses and income from the Coronavirus and do whatever was
OPEC agreed today to cut output by 1.5 million barrels per day in the second quarter of 2020 to support prices amid the coronavirus outbreak, but made it conditional on Russia's accession, two OPEC sources said.
Markets are awaiting OPEC + decision to cut the production in the coming period during Thursday,
The Australian economy recovered in the fourth quarter of last year more than expected
Japan's service sector contracted at the fastest pace in nearly six years in February as the spread of the Coronavirus threatened to push the economy into recession, dashing hopes for a recovery driven by domestic factors.
US Fed member Evans has denied the possibility that Coronavirus will impact on GDP
The Federal Reserve has just in unexpected move cuts interest rates by 50 basis points, noting that the Coronavirus poses a high risk with unanimous vote.
U.S. President Donald Trump today called on the Federal Reserve to cut interest rates significantly, saying that high borrowing costs are tough for exporters and does not give the country a competitive advantage.
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