G20 warns of economic risk from COVID variants
"We reaffirm our resolve to use all available policy tools for as long as required to address the adverse consequences of COVID-19," said the final statement by G20 finance ministers and central bankers meeting in Venice.
- Economy
- Reuters
- Published Date: 06:50 | 10 July 2021
- Modified Date: 06:50 | 10 July 2021
The group of 20 rich countries said on Saturday that the economic outlook had improved since they last met in April but warned that new COVID-19 variants could threaten the recovery.
"We reaffirm our resolve to use all available policy tools for as long as required to address the adverse consequences of COVID-19," said the final statement by G20 finance ministers and central bankers meeting in Venice.
As expected, the group endorsed a global deal on corporate taxation agreed this month by the Organisation for Economic Cooperation and Development envisaging a corporate tax rate of at least 15%.
It also said for the first time that carbon pricing could be part of the policy mix for tackling climate change.