“The coronavirus outbreak poses a serious threat to the world economy,” International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday. “189 member countries committed to coordinated action to fight the virus. Over one-third of IMF members are affected by coronavirus.” “Demand is falling due to higher uncertainty, increasing precautionary behaviour,” Georgieva added. “The shock of coronavirus is unusual, affects supply and demand and restricts mobility.” Market reaction The 10-year US Treasury bond yield erased its gains and dropped below the critical 1% in the last minutes, suggesting that risk-off flows are starting to dominate the markets. Additional takeaways “The global financial system is much more sound than before the 2008-09 financial crisis.” “Global growth in 2020 is expected to dip below last year’s levels but the depth of the impact is difficult to predict.” “The top priority in terms of fiscal response is ensuring front line health-related spending.” “Urgent for authorities to lean forward in funding outbreak-related health spending, match demand with the supply of needed medical equipment.” “The outbreak calls for a coordinated response mechanism.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD appears supported near 1.1100 ahead of US ISM FX Street 3 years "The coronavirus outbreak poses a serious threat to the world economy," International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday. "189 member countries committed to coordinated action to fight the virus. Over one-third of IMF members are affected by coronavirus." "Demand is falling due to higher uncertainty, increasing precautionary behaviour," Georgieva added. "The shock of coronavirus is unusual, affects supply and demand and restricts mobility." Market reaction The 10-year US Treasury bond yield erased its gains and dropped below the critical 1% in the last minutes, suggesting that risk-off flows are starting to dominate the markets. Additional takeaways "The global… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.