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Frydenberg gets in touch with G20 to put global economy into ‘controlled hibernation’

Frydenberg gets in touch with G20 to put global economy into ‘controlled hibernation’

Published.

April 01, 2020 02: 40:20

Treasurer Josh Frydenberg has required the worldwide economy to be put into “controlled hibernation” during the coronavirus emergency, in a virtual meeting of Group of 20 (G20) financing ministers and central bank governors last night.

Bottom line:

  • Mr Frydenberg said the G20 should intend to reduce job losses internationally
  • The Federal Government has its own financial “hibernation” technique
  • The G20’s coronavirus strategy will be fleshed out over the next fortnight

The conference saw the financial leaders of the world’s leading economies discuss a brand-new plan to deal with the danger of debt v

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