G7 seeks to inoculate global economy against coronavirus 0 SHARES Share it! Share TweetGroup of Seven finance ministers and central bank chiefs were set to hold coronavirus talks Tuesday as concerns grew that the epidemic could imperil the health of the global economy. “We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks,” European Central Bank chief Christine Lagarde said in a statement. The Bank of England will “take all necessary steps” to support the UK economy from coronavirus fallout, said governor Mark Carney ahead of the G7 talks. The International Monetary Fund and World Bank issued a joint statement Monday pledging to help countries deal with the fallout from the epidemic.

Source: Manila Bulletin March 03, 2020 11:41 UTC