2/12, 6:20 PM (Source: TeleTrader)
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Yellen urges G7 to 'go big' on virus stimulus

United States Treasury Secretary Janet Yellen urged on Friday other members of the Group of Seven (G7) to "go big" and do not hesitate to invest in their government's stimuli aimed at curbing the crisis caused by the COVID-19 pandemic.

Yellen added additional investments were necessary to ensure long-term recovery of the economy. She also stressed the US would remain "committed to multilateralism" during the ongoing crisis.

Earlier in the day, European Commissioner for Economy Paolo Gentiloni said the G7 agreed to "keep support to economies" and "strengthen IMF [International Monetary Fund] support to lower income countries."

Breaking the News / JR