G20 nations to inject over $5 tn into global economy to counteract impacts of COVID-19 pandemic

In a major step to counteract the impacts of COVID-19 pandemic, the leaders of the G20 summit on Thursday announced that they will inject over five trillion dollars into the global economy. This comes as a part of targeted fiscal policy, economic measures, and guarantee schemes to curb the social, economic and financial impacts of the pandemic. "We are injecting over $5 trillion into the global economy, as part of targeted fiscal policy, economic measures, and guarantee schemes to counteract the social, economic and financial impacts of the pandemic," the G20 said in a statement.