G7 Leaders Broadly Agree to Continue With Fiscal Stimulus: Rtrs

Leaders of the Group of Seven rich nations were in broad agreement about the need to continue supporting their economies with fiscal stimulus, Reuters reports, citing an unidentified person familiar with the discussions.

• The backing for more stimulus was shared by all leaders including Angela Merkel of Germany
• U.S. president, U.K. British Prime Minister, and Italy’s Mario Draghi expressed particular support, according to the person
• The leaders believed a post-lockdown rise in inflation in many countries would prove temporary, the person said
• The leaders stressed the importance of taking action to reduce unemployment such as retraining and offering support for ...