G20 Initiates $5 Trillion to Curb the Global Economy Against COVID-19

The COVID-19 pandemic has turned the world into panic claim over 500.000 lives globally. With this pandemic still claiming lives, the G20 world leaders have conducted a show of crisis so that they map a way to fight the pandemic. The leaders have gone down and pledge $5 Trillion so that they save the global economy.

This is not a surprising move since most countries in the world have gone on lockdown. This simply means most economies will be facing a nose dive and the world leaders have come together to find a way forward in making things work in the event that the pandemic is gone. They have to make sure that the global market is still functioning and that include online casinos.

With global countries showing more unity than ever since the 2008-2009 financial crisis that propelled the formation of the G20. The G20 summit through video conferencing came to a conclusion to form a fund all necessary health measures in a bid to halt the corona virus pandemic. Unity is one of the ways to make sure that the world kicks out the corona virus from spreading. And to do that there should be right measures in place.

G20 Countries Come Together to Fight Corona virus Pandemic

As countries comes to agree and enact export ban on various medical supplies, the G20 countries will go on and coordinate the response in a bid to avoid unnecessary interference.

“Emergency measures aimed at protecting health will be targeted, propitiate transparency,” they said.

Nevertheless, the G20 countries also articulated their concerns about the risk to delicate countries in the world, mainly African countries and refugees.

However, Saudi Arabia, the current G20 went on and called the summit amidst their massive criticism on their slow response to diseases. This disease has affected 500,000 people worldwide and claimed the lives of more than 23,000, and there is a higher expectation of the virus to cause a global recession.

The G20 group has agreed to spend $5 Trillion this is an amount equal to the one pledged in 2009. During his remark at the G20 summit, Donald Trump also shared some important details of the $6 Trillion from the US, this also includes $2 Trillion in fiscal spending. Trump also highlighted the support of multilateral action as well as coordination.

What Are the Odds of Ending The COVID-19 Pandemic?

The world is against the odds, the stakes are high and in fighting the corona virus. And if it was online casino gambling, one would be needed to maintain the poker face in order to win real money. Even though the stakes are high, the G20 summit managed to seek refugee to the IMF in order to fund the global pandemic.

Conclusion

The two organizations are on the verge of creating a formidable force in making sure that they end the spreading of the virus. It’s just a matter of time before the world conquers the spreading of corona virus.

FAQs

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[/accordion][accordion group=”933″ title=”What is the purpose of the G20?” active=””]Launched in 1999 its main purpose is to engage world leaders in a bid to share economic and political crisis.[/accordion][accordion group=”933″ title=”Who will host G20 Summit 2021?” active=””]The current G20 summit is in Japan, whereas the 2021 summit will take place in Italy.[/accordion][accordion group=”933″ title=”Which country has the largest economy in the world?” active=””]China. But the gap is highly expected to reduce to $7,05 trillion by 2023. Therefore, the different will be[/accordion][/accordiongroup]