The G7 of the Ministers of Economy and Finance released a statement on Tuesday to reassure the markets facing the coronavirus and its economic risks. This laconic text " reaffirms " the commitment of the seven countries " to act, including to take budgetary measures if appropriate, to (...) support the economy ".
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This press release, released following a conference call, was eagerly awaited, but it does not reflect any new commitments on the part of G7 finance ministers and central bankers. These indicate "to follow carefully the 2019 coronavirus epidemic (Covid-19) and its consequences on markets and economic conditions ". They also stand " ready to cooperate again on timely and effective measures ".
Central bankers, for their part, undertake to "continue to fulfill their mandates", that is to say "to support price stability and economic growth while maintaining the resilience of the financial system ".
The Ministers of Economy and Finance agreed on a press release to reassure the markets. G7
This press release follows similar statements from the Federal Reserve, the World Bank or the European Central Bank, to which it refers.
