$11 trillion deployed so far by G20 countries to support recovery

$11 trillion deployed so far by G20 countries to support recovery
G20 countries have deployed an unprecedented $11 trillion to support economic recovery after coronavirus crisis, a report said on Saturday.

Ahead of the G20 summit in Saudi Arabia this week, the report stated that G20 adopted immediate and exceptional measures to address the pandemic's impact, including the implementation of unparalleled fiscal, monetary and financial stability actions". Of this amount, $21 billion were spent to enhance pandemic preparedness and response.

The upcoming summit, scheduled to be conducted mostly online, is focused on restoring growth and global economic recovery.

G20 countries represent around 80% of the world's economic output, two-thirds of the world's population and three quarters of international trade. The group includes Brazil, Mexico, Argentina, Australia, Canada, USA, Germany, France, Italy, India, China, Indonesia, South Korea, Turkey, Saudi Arabia, South Africa, Russia, United Kingdom and European Union.