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    Global response needed for economic recovery: PM

    Darpan News Desk The Canadian Press, 29 Mar, 2021 05:19 PM
    • Global response needed for economic recovery: PM

    Prime Minister Justin Trudeau is calling for a co-ordinated global response to ensure a smooth economic recovery from the COVID-19 pandemic.

    At a virtual meeting organized by the United Nations, Trudeau says Canada can’t defeat the novel coronavirus and rebuild its economy unless all countries have the resources to recover.

    UN Secretary-General António Guterres says the lack of action to support vulnerable middle-income countries affected by the crisis presents a risk of spiralling into the worst recession since the Great Depression.

    The meeting is following up on a series of sessions held last year to mobilize efforts for economic recovery from the pandemic.

    Guterres says the world is on the verge of a debt crisis, as six countries have already defaulted and one-third of emerging-market economies are at high risk of fiscal crisis.

     

     

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