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IMF says govts should offer cash transfers, tax relief to ease coronavirus effects

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WASHINGTON, March 9 (Reuters) - Government policymakers will need to implement substantial targeted fiscal, monetary and financial market measures to combat the economic impact from the rapidly spreading coronavirus, International Monetary Fund chief economist Gita Gopinath said on Monday.

In a blog posting on the IMFs website, Gopinath said her top recommendations involved putting cash directly into the hands of households and businesses. Broad interest rate cuts may instill confidence but would be effective in stimulating activity only once business conditions normalize, she added. (Reporting by David Lawder Editing by Chizu Nomiyama)