G20 leaders to inject $5 trillion into global economy in battle against Covid-19

• Financial

Late on Thursday, the 26th of March 2020, leaders of the G20 nations had committed $5 trillion in a video conference summit to battle past the clattering wave of coronavirus pandemic, which has been wreaking havocs in the Central Europe, the virus outbreak’s present epicentre and the United States after rampaging eastern China for more than four months, in order to finance all necessary health measures to slow down the spread of the pathogen that could become deadly in 3% to 4% cases, in particular in the elderly patients.

Apart from that, the leaders of world’s top twenty economies had also added on Thursday (March 26th) that the fiscal injection in to the global economy was also aimed at curbing out job losses due to the coronavirus alongside implementing “whatever it takes to overcome the pandemic.

” Meanwhile, promising an unclogged flow of vital medical supplies such as masks, gloves and ventilators alongside cross-border passages of other critical goods, leaders of the G20 nations said in a statement on Thursday (March 26th), “The G20 is committed to do whatever it takes to overcome the pandemic.

Emergency measures aimed at protecting health will be targeted, proportionate, transparent, and temporary. We are strongly committed to presenting a united front against this common threat. ”