G20: Covid-19 variants weigh on economic recovery

July 10, 2021 / 8:01 PM

General view taken at the start of a G20 foreign and development ministers meeting in Matera

Sharjah 24 – AFP: G20 finance ministers meeting in Venice on Saturday warned the global economic recovery was threatened by the spread of new coronavirus variants and uneven vaccination campaigns.

"The recovery is characterised by great divergences across and within countries and remains exposed to downside risks, in particular the spread of new variants of the Covid-19 virus and different paces of vaccination," they said in the final statement.