Wealthy Nations Inject Trillions Into Global Economy

Leaders of the G20 countries have promised they’ll do whatever it takes to minimise the damage from the coronavirus pandemic, saying $5 trillion (£4.1tn) is being injected into the global economy.

In a statement following a virtual summit, they also promised robust support for vulnerable nations, particularly in Africa, and to boost access to medical supplies and testing kits.

The G20 called for central banks worldwide to come up with a co-ordinated response to the crisis, to help the world economy get back on its feet.

Earlier, the UN warned that the grave threat to weaker health systems and to millions of displaced people and refugees worldwide must be prioritised.