G7 to take 'concerted action' to limit coronavirus growth hit: France

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G7 to take 'concerted action' to limit coronavirus growth hit: France
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G7 countries will take 'concerted action' to limit the impact of the c...

FILE PHOTO: French Finance and Economy Minister Bruno Le Maire speaks during the G20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed Yosri/File Photo

“There will be a concerted action. Yesterday I spoke with the G7 president, the U.S. Treasury Secretary Steven Mnuchin, and this week we will have a meeting by phone of the finance G7 ministers to coordinate our responses,” Le Maire told France 2 television. “We must act so that this impact that we know will be important on growth, be as limited as possible,” he added.

“Now that the outbreak is reaching other countries, the impact on French growth will be much more significant,” he said, adding it was too early to provide a new figure.

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