The World Bank on Tuesday announced it would commit $12 billion in loans, grants and technical assistance for developing countries to help fight the new coronavirus. The virus, which has spread to at least 70 countries, is creating an economic slowdown that some fear could tip the world into recession. Time foreign affairs columnist and president of the Eurasia Group Ian Bremmer joins us to discuss the global economic and political impact of the outbreak.
Ian Bremmer on the Geopolitical and Economic Repercussions of Coronavirus
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Traders work during the closing bell at the New York Stock Exchange on March 3, 2020 on Wall Street in New York City. Stock markets were higher on March 3 but well below their peaks for the day as traders shrugged off a surprise US rate cut aimed at shielding the economy from the impact of the spreading coronavirus. ( JOHANNES EISELE/AFP via Getty Images)
Ian Bremmer, foreign affairs columnist and editor-at-large at TIME, president of Eurasia Group and GZERO Media