G-20 Meeting Goes Virtual
In an unusual virtual meeting, leaders from major world economies, including the U.S., Japan and Germany G-20 leaders said in a joint statement about the meeting that they are releasing more than $5 trillion into the global economy in response to the social, economic and financial impact of the virus.
As the cases for Covid-19 dwindle in China, the country is looking to be seen as a leader to curb the global spread. “Countries need to leverage and coordinate their macro policies to counteract the negative impact and prevent the world economy from falling into recession,” Chinese President Xi Jinping said.
In conclusion, this Coronavirus pandemic seems to have gotten most governments scrambling to figure out the best way to deal with this global health crisis. At the end of the day, hopefully the world will learn from it’s mistakes.
