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G-7 Pledges to Fight Virus Risks, Stops Short of Specific Action

  • Ministers ready to take ‘fiscal measures where appropriate’
  • U.S. isn’t considering lifting China tariffs to counter virus
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G-7 Offers No Specifics in Pledge to Fight Virus Risks
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Group of Seven finance chiefs said they’re ready to act to shelter their economies from the spreading coronavirus, though they stopped short of spelling out what specific measures they would put into place.

“We reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside risks,” the G-7’s finance ministers and central bankers said Tuesday in a statement following a rare conference call. They said they are “closely monitoring” the virus and its impact on economies and markets.