G-20 to Warn of Virus Risks Amid ‘Great Divergences’ in Recovery

July 9, 2021, 9:39 PM

Finance ministers and central bankers from the world’s biggest economies plan to warn of persistent risks to global growth from coronavirus variants even as the overall outlook brightens, according to a draft communique seen by Bloomberg News.

Since April, “the global outlook has further improved, mainly due to the roll-out of vaccines and continued policy support,” according to a draft of the Group of 20’s statement, scheduled to be released Saturday in Venice, where policy makers are meeting. “However, the recovery is characterized by great divergences across and within countries and remains exposed to downside risks, in particular the spread ...

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