Coronavirus a ‘major risk for the world economy’
The G7 has labelled the coronavirus pandemic as a ‘human tragedy and a global health crisis.’
The leadesrs representing Canada, France, Germany, Italy, Japan, the UK and the US have released a statement following this afternoon’s conference call.
It said: “We, the Leaders of the Group of Seven, acknowledge that the COVID-19 pandemic is a human tragedy and a global health crisis, which also poses major risks for the world economy. We are committed to doing whatever is necessary to ensure a strong global response through closer cooperation and enhanced coordination of our efforts.
“While current challenges may require national emergency measures, we remain committed to the stability of the global economy. We express our conviction that current challenges related to the COVID-19 pandemic need a strongly coordinated international approach, based on science and evidence, consistent with our democratic values, and utilizing the strengths of private enterprise.”
The G7 promised to coordinate on public health, restore confidence and growth, and protect jobs, support global trade and investment, and encourage science, research, and technology cooperation.
The leaders have called upon the wider G20 to support and amplify the efforts.
