TOKYO - Finance chiefs from the Group of 20 major economies will focus on the impact of the spread of a new coronavirus on the world economy when they meet later this month in Saudi Arabia, G-20 sources said Tuesday.
In a meeting slated for Feb. 22-23 in Riyadh, the G-20 finance ministers and central bank governors are expected to discuss measures to mitigate risks from the deadly pneumonia-causing virus -- which originated in the central China city of Wuhan -- to the global economy and financial system, the sources said.
It will be the first G-20 gathering since the outbreak of the virus, which has killed more than 1,000 people and infected some 42,000 others in China, more than in the 2002-2003 SARS coronavirus pandemic.
The virus has spread to other parts of the world such as Japan, the United States and Europe, prompting falls in some stock and oil prices and sparking concerns about consumer sentiment and disruptions to supply chains.
The Federal Reserve said in a report released Friday that "possible spillovers" from the virus have posed "a new risk" to the US economic outlook.
source: news.abs-cbn.com
