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The report urges that companies should allow flexible working hours to preserve jobs and that governments should implement temporary tax and budgetary measures for sectors most impacted by the downturn such as tourism, and the electronic and auto industries.

\"PHOTO:
Andy Wong/AP
PHOTO: A worker wearing a protective face mask places lanterns on his cart near the closed restaurants along the Houhai Lake, a usually popular tourist spot before the coronavirus outbreak in Beijing, China, March 1, 2020.
>

It also called on liquidity to be provided to banks in most-affected countries, to help companies while containment measures are being enforced.

The coronavirus has already delivered a heavy blow to the global economy, sending financial markets reeling over the past few weeks.

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