US ‘very concerned’ Covid variants could hamper global economic recovery, says Yellen | Malay Mail

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VENICE, July 11 — US Treasury Secretary Janet Yellen said Sunday she was “very concerned” about the risk that new variants of coronavirus could pose to the global economic recovery from the pandemic. “We are very concerned about the Delta variant and other variants that could emerge and...

VENICE, July 11 — US Treasury Secretary Janet Yellen said Sunday she was “very concerned” about the risk that new variants of coronavirus could pose to the global economic recovery from the pandemic.

“We are a connected global economy, what happens in any part of the world affects all other countries.” “We recognise the importance of working together to speed the process of vaccination and have the goal of wanting to vaccinate 70 percent of the world’s population next year,” Yellen said. The G20 on Friday heard from a specially commissioned panel of experts who warned the world must invest much more — at least US$75 billion over the next five years — to prepare for and try to avert the next pandemic.

 

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