The world has had more than a decade since the 2008 financial crisis to prepare for another global downturn. It has not used that time well. Now a large shock has arrived, in the form of the coronavirus outbreak, at a moment when the world’s largest economies are divided by trade disputes. An uncoordinated policy response that prolongs economic weakness and triggers a new round of currency wars is a real danger.
自2008年金融危機以來，世界有十多年的時間為另一場全球衰退做準備。它沒有好好利用這段時間。現在，正當世界上最大的一些經濟體因貿易糾紛而分裂之際，一場巨大沖擊以新型冠狀病毒肺炎疫情爆發的形式來臨了。未經協調一致的政策反應會延長經濟低迷，引發新一輪貨幣戰，這是一個真正的危險。
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