G-20 leaders tout $5 trillion in coronavirus relief, but fears of multiple debt crises mount

President Trump joined 19 other world leaders in touting $5 trillion of government aid in response to the coronavirus pandemic, which threatens most advanced economies with a recession.

“We are injecting over $5 trillion into the global economy, as part of targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic, and financial impacts of the pandemic,” the G-20 Leaders said in a joint statement following a video teleconference about the coronavirus pandemic.

The teleconference, hosted by Saudi Arabia, took place the morning after the U.S. Senate voted unanimously to pass a $2 trillion emergency relief package. The international
Read more…

Please follow and like us: