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U.S. and other large economies pledge cooperation to deal with coronavirus

2020-03-04 09:30:53       source:CBS News

March 3, 2020


Washington — Seven major economies, including the U.S., pledged Tuesday to use "all appropriate tools" to deal with the spreading coronavirus, while stopping short of immediate actions. The group of major industrial countries, referred to as the G-7, said it was "ready to take actions, including fiscal measures where appropriate, to aid in the response to the virus and support the economy."


The joint statement from the U.S., Japan, Germany, Britain, France, Italy and Canada was issued after a conference call among the finance ministers and central bank presidents, led by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell.


"Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks," the G-7 said.


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https://www.cbsnews.com/news/coronavirus-cooperation-us-g7-countries/