The US Secretary of the Treasury is concerned about the effects of new forms of coronavirus on the global economy.

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source: www.khaleejtimes.com

The US Secretary of the Treasury is concerned about the effects of new forms of coronavirus on the global economy.

The G20 finance ministers have already warned in a statement about the "risks" that weigh on the recovery of the world economy due to the new strains.

US Secretary of the Treasury Janet Yellen said Sunday she was "deeply concerned" about the threat posed by new forms of the coronavirus that could represent a global economic recovery.

"We are very concerned about Delta's diversity and other variables that pose a threat to economic stability," the finance secretary told a news conference after the G20 finance summit in Venice (northeastern Italy). 

We have a connected global economy. "What happens in one part of the world affects all other countries," Yellen said.

The variants represent a threat to everyone," the official insisted. He urged "to work together to accelerate the vaccination process and reach the goal of vaccinating 70% of the world's population next year."

On Saturday, the G20 finance ministers already warned in their final statement about the "risks" that weigh on the recovery of the world economy due to the "spread of new variants of covid-19 and the different vaccination rate."

The highly contagious Delta variant causes epidemic outbreaks in Asia and Africa. It increases the number of cases in Europe and the United States.

G20 MEETING

The G20 summit in the Italian city of Venice was the first face-to-face meeting of ministers since the onset of epidemics. The decisions include the passage of new laws aimed at preventing multinational corporations from transferring profits to lower tax havens.

The October meeting in Rome will pave the way for G-20 leaders to finalize a global minimum corporate tax rate by the 15th, a move that will raise hundreds of billions of dollars for troubled public coffers May be. Crisis of CoVID-19.

A final statement said that the global economic outlook had improved since the G-20 talks in April thanks to the launch of vaccines and financial support packages but acknowledged Its delicacy is in the form of a delta.

Large differences between countries and within characterize rehabilitation, and in particular the spread of new forms of the COVID-19 virus and the different rates of vaccination that pose a negative risk.

Although the G-20 countries have promised to use all political tools to combat CoVID-19, the hosts say they have agreed to avoid imposing new sanctions on the people.

In this communiqué, emphasizing support for uniform global distribution of vaccines, no concrete measures were proposed, only 50,000 by the International Monetary Fund, the World Bank, and the World Health Organization to impose new taxes. The $ 1 million grant recommendation was accepted. Trade organization

Members of the G-20 account for more than 80% of world gross domestic product, 75% of world trade, and 60% of the planet's population, including the United States, Japan, Great Britain, France, Germany, and India.