G20 Against Premature Withdrawal Of Support For Covid-Hit Global Economy
NDTV
The G20 nations said they will continue to sustain recovery, avoiding any premature withdrawal of support measures amid the pandemic
Representing the world's leading developed and developing economies, the G20 leaders on Sunday indicated they are against premature withdrawal of support measures initiated by the various countries to boost Covid-hit economy. Leaving for Glasgow after a fruitful @g20org Summit in Rome. During the Summit, we were able to have elaborate deliberations on issues of global importance such as fighting the pandemic, improving health infrastructure, boosting economic cooperation and furthering innovation. pic.twitter.com/LBN17RFkah
The leaders, according to a declaration issued at the end of the G20 summit, committed themselves to work together to monitor and address challenges facing the global economy and take steps to support stability.
Among others, the G20 summit was attended by Prime Minister Narendra Modi. Over 2021, global economic activity has been recovering at a solid pace, thanks to the rollout of vaccines and continued policy support, said the G20 Rome Declaration.
However, recovery remains highly divergent across and within countries, and exposed to downside risks, in particular the possible spread of new variants of COVID-19 and uneven vaccination paces.
