News G20 to inject $ 5 trillion into global economy

G20 to inject $ 5 trillion into global economy

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Meeting in a videoconference, the leaders of the G20 announced this Thursday March 26 want “Counter the social, economic and financial impact of the pandemic”.

To present this measure, Roman daily life Il Fatto Quotidiano quotes a phrase “historical”. “The leaders of G20 also announce their Whatever it takes, headlines the Italian newspaper, in reference to the sentence pronounced in 2012 by the former president of the European Central Bank, Mario Draghi, when he said that the ECB would do “All that would be necessary” to save the euro. According to Il Fatto Quotidiano, this Thursday, March 26, world leaders have therefore taken an equally strong position in the face of the coronavirus crisis.

As the Swiss TV site explains RTS, indeed, the leaders of the G20 announced that they wanted to inject “More than $ 5 trillion in the global economy, through targeted tax policies, economic measures and plans to counter the social, economic and financial impacts of the pandemic.”

An important position, since the G20 is in a group (made up of 19 countries and the European Union) which represents 85% of world trade, two thirds of the population and more 90% of the wealth of the planet.

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Avoid blocking trade

In addition to this figure which attracted the attention of the press, the G20 also invited countries to collaborate with each other “And to avoid blocking trade, given the importance of the circulation of goods and in particular essential goods”, indicates Il Fatto Quotidiano.

The G20 not only addressed to countries, but also to supranational organizations recalls RTS :

The powers have called the World Health Organization (WHO) and the International Monetary Fund (IMF) to ‘help emerging and developing countries cope with the health, economic and social shocks of the Covid-19’. ”

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