Economics
World-Changing Virus, Climate Threats Dominate G-20 Gathering
- Riyadh meeting also featured debate on global digital tax
- Finance chiefs accept 2020 outlook has become less clear
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The Group of 20 meeting in Saudi Arabia should have marked a sigh of relief for global finance chiefs after trade tensions cooled and the global economy started to stabilize.
The mood was quite different: A major new risk has emerged with the outbreak of the coronavirus, and each passing day drains hope that the epidemic will be quickly contained. The disease has already killed more than 2,400 people and infected close to 80,000 worldwide, with more and more countries reporting cases.