G7 finance, central bank chiefs to hold talks amid outbreakWall Street was cheered by news that the G7 would hold talks amid the coronavirus outbreak, sending the Dow up over 3.0 percentWASHINGTON - Finance ministers and central bank chiefs from G7 countries will hold talks Tuesday amid rising global uncertainty over the coronavirus epidemic, the US Treasury said Monday. G7 and eurozone finance ministers will hold conference calls to "coordinate their responses" to the impact of the coronavirus's impact, French Finance Minister Bruno Le Maire announced earlier Monday. The head of France's central bank said governments rather than central banks should take action for the moment. Le Maire said that the economic impact of the coronavirus on France's economy will be greater than previous estimates. The International Monetary Fund has warned the already-fragile global economy will see slower growth as a result of the virus.

Source: Bangkok Post March 02, 2020 18:11 UTC