RIYADH/WASHINGTON — Finance officials from the Group of 20 major economies vowed on Saturday to continue using "all available policy tools" to fight the coronavirus pandemic and bolster the global economy, warning that the outlook remains highly uncertain. G20 finance ministers and central bankers, in a communique issued after a virtual meeting on Saturday, said the global economy would recover as economies gradually reopen, but said further actions were needed to ensure growth. "We are determined to continue to use all available policy tools to safeguard people’s lives, jobs and incomes, support global economic recovery, and enhance the resilience of the financial system, while safeguarding against downside risks," they said in statement after the meeting ended. COVID-19, the disease caused by the virus, has infected more than 14.14 million people and killed 596,576, according to a Reuters tally. The United States, the world's largest economy, tops the list of deaths.
Source: International New York Times July 18, 2020 18:25 UTC