COVID variants pose economic risks: G20

·1-min read

The group of 20 rich countries say the economic outlook has improved since they last met in April but warn 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 on Saturday.

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 per cent.

It also said for the first time that carbon pricing could be part of the policy mix for tackling climate change.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting