Finance ministers and G20 governors will discuss an action plan to defend the global economy from the impact of the coronavirus. This can be read in a document from the G20 organization underway in Riyadh, Saudi Arabia, quoted by France Presse. Among the topics on the top of the agenda - reads - "the global economic prospects and possible responses to support growth and combat downside risks".
The coronavirus explosion will be the focus of the financial G20 talks taking place this weekend, and finance ministers and governors meeting in Riyadh, Saudi Arabia, must be prepared for any scenario. Bruno Le Maire, French finance minister said so, explaining that at the moment the "main scenario" for the impact on the global economy is that of a "V-shaped" fall and then a recovery.
Fiscal issues related to the web tax and global minimum taxation were initially included on the agenda of the financial meeting, but the spread of the virus and the impact on the economy are taking over in discussions among the leaders of the economy. Ministers and governors will therefore discuss an action plan to defend the global economy, the organizers said. Top of the agenda now include "possible responses to support growth and tackle downside risks".
The high uncertainty resulting from the virus was also underlined by the Bank of Japan governor, Haruhiko Kuroda.