G20 leaders to inject $5 trillion into global economy to fight coronavirus

Fox Business | Mar 27, 2020 at 12:40 AM
  • Leaders of the Group of 20 major economies pledged on Thursday to inject $5 trillion in fiscal spending into the global economy to blunt the economic impact of the coronavirus and “do whatever it takes to overcome the pandemic”.
  • The group committed to national spending measures totaling $5 trillion — an amount equal to that pledged in 2009 — along with other large-scale liquidity, credit guarantee schemes and other economic measures.
  • World Health Organization Director-General Tedros Adhanom Ghebreyesus was to address the G20 to seek support for ramping up funding and production of personal protection equipment for health workers amid a global shortage.