G7 revisits economic plan amid corona outbreak

The G7 countries are set to take measures to curtain the novel coronavirus epidemic and its potential impact on the global economy said the US treasury.
The statement came out after a teleconference of central bank governors and finance ministers of the G7 states including France, Canada, Italy, Germany, Japan, Us, and the UK to talk about the COVID-19.
The US treasury maintained the G7 countries are resolute “to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks”.
“Alongside strengthening efforts to expand health services, G7 finance ministers are ready to take actions, including fiscal measures where appropriate, to aid in the response to the virus and support the economy during this phase”, according to G7 teleconference statement.
The coronavirus, termed as the –COVID-19 by the WHO emerged in china in December 2019. Because of the epidemic, hundreds of people died while thousands infected.
Economists speculate that the deadly virus will be disastrous for the global economy as the supply chain is disrupted. The worst affected sectors include tourism, manufacturing, trade, and civil aviation.–Worldwide News

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