Actionable insights straight to your inbox

logo_equities.svg

G20 Nations Promise Cooperation and Continued COVID-19 Stimulus

The world's financial leaders agreed that they would avoid a premature withdrawal of fiscal and monetary stimulus.

Image: G20 Finance Ministers and Central Bank Governors meeting, Feb. 26, 2021. Source: Cory Hancock, International Monetary Fund

BRUSSELS (Reuters) – The world’s financial leaders agreed on Friday they would avoid a premature withdrawal of fiscal and monetary stimulus that they have been providing to the world economy to help it survive the effects of the COVID-19 pandemic.

The Italian presidency of the G20 told a news conference the financial leaders agreed to step up their cooperation to deal with the still fragile and uneven recovery and to explore additional ways of helping poorer economies deal with the coronavirus.

Finance ministers and central bank governors of the world’s top 20 economies, called the G20, held a video-conference on Friday and the global response to the unprecedented havoc wreaked by the coronavirus on the economy topped their agenda.

Reporting by Jan Strupczewski.

_____

Source: Reuters

Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.