The coronavirus (COVID-19) outbreak and its consequences present the biggest global crisis since the 2008 financial collapse. Markets are falling in record numbers all around the world, and thus far proposals from governments and the World Bank have done little to assuage fears and turn things around. Former Australian PM Kevin Rudd, now President of Asia Society, was a G20 leader during the 2008 crisis. In a new interview with Ian Bremmer, Rudd describes the action taken then and its impact on stabilizing markets. He offers insight into what should be happening now, and how world leaders can proceed to mitigate the economic impact of coronavirus.
