The growing number of new coronavirus strains and limited access to vaccines in developing countries threaten the recovery of the world economy, warned on Saturday the finance ministers of the 20 largest economies in the world.
The final communiqué said that the global economic outlook had improved since the April G20 talks due to the deployment of vaccination and economic support packages, but acknowledged its fragility in the face of rapidly spreading strains such as Delta. “Recovery is characterized by large differences within countries and remains at risk of deterioration, in particular, the spread of new strains and different rates of vaccination,” – said in a statement.
While the G20 has promised to use all policy tools to combat Covid, Italy has said it also agrees to avoid imposing new restrictions. “We all agree that we should avoid imposing any restrictions on people’s lives,” said Italian Foreign Minister Daniele Franco.