G20 in virtual emergency summit facing threat of global recession

The coronavirus pandemic poses the threat of a serious economic crisis around the world.

at the threat of recession what does the new coronavirus on the world economy.
“data-reactid =” 24 “> CORONAVIRUS – G20 leaders are holding a virtual summit this Thursday, March 26, to coordinate their response to the threat of recession posed by the new coronavirus to the global economy.

Saudi Arabia, whose country is in a hurry on the other hand to end an oil price war with Moscow which brought down the energy markets. “data-reactid =” 25 “> The American presidents Donald Trump and Russian Vladimir Putin will join the videoconference chaired by King Salman of Saudi Arabia, whose country is in a hurry on the other hand to end an oil price war with Moscow that brought down the energy markets.

A recession to be expected this year according to Moody’s

The discussions take place as the global toll of the pandemic has exceeded 21,000 dead and trapped more than 3 billion people around the world.

The meeting, which is scheduled to open at 1 p.m. (Paris time), comes as G20 members work to mitigate the effects of the virus on their economies.

Financial rating agency Moody’s warned on Wednesday that the G20 economies as a whole are expected to be in recession this year due to the coronavirus pandemic. Overall, these countries are expected to contract by 0.5% of their gross domestic product. In the United States, this drop will be 2% and in the euro zone by 2.2% (1.4% in France).

among which the United States, have revealed colossal recovery plans, the G20 has so far (…) “data-reactid =” 34 “> While the rich countries, including the United States, have unveiled recovery plans colossal, the G20 has so far (…)

Read more on the Huffington Post

“data-reactid =” 35 “>Read more on the Huffington Post