Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes" to minimize the economic and social impact of the Covid-19 pandemic.
In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members committed themselves to restore global growth, maintaining market stability and strengthening resilience. Prime Minister Narendra Modi was among leaders who participated in the video conference.
“We are injecting over $5 trillion into the global economy, as part of a targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic.
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Leaders of the Group of 20 or G20 major economies on Thursday pledged to infuse over $5 trillion into the global economy, and do “whatever it takes" to minimize the economic and social impact of the Covid-19 pandemic. In a joint statement issued after the G-20’s first ever virtual summit, chaired by Saudi Arabia, members committed themselves to restore global growth, maintaining market stability and strengthening resilience. Prime Minister Narendra Modi was among leaders who participated in the video conference. “We are injecting over $5 trillion into the global economy, as part of a targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic.