G20 to limit effects of coronavirus on global economy
(VOVWORLD) - The G20 countries will enhance global risk monitoring, including the recent outbreak of the new coronavirus (SARS-CoV-2), and stand ready to take further action to address those risks, according to finance ministers and central bank governors at the G20 summit which ended Sunday in Saudi Arabia.
 The fight against Covid-19 is high on the agenda of the G20 finance ministers' meeting in Riyadh, Saudi Arabia, February 22-23, 2020. (Photo: AP) |
Despite challenges across the globe, the G20 said in a joint statement that global economic growth is expected to pick up "modestly" in 2020 and 2021. As risks remain, top G20 finance officials expressed their commitment to "use all available policy tools" to achieve strong, sustainable growth. They agreed to a proposal on a new international tax system in the digital era.
The host of the G20 meeting, the Saudi Finance Minister, said that countries will be ready to act on the risk the coronavirus poses to commerce.