IMF leader says virus is crisis like no other'

The head of the International Monetary Fund says the recession sparked by the coronavirus pandemic is way worse than the 2008 global recession.

IMF managing director Kristalina Georgieva is describing the situation as a crisis like no other.

Never in the history of the IMF have we witnessed the world economy coming to a standstill, she said. We are now in recession, it is way worse than the global financial crisis and it is a crisis that requires all of us to come together."