B20 Saudi chairman urges business world to come together after coronavirus
- Date: 26-Oct-2020
- Source: Arabian Business
- Sector:Economy
- Country:Saudi Arabia
B20 Saudi chairman urges business world to come together after coronavirus
The world must come together to rebuild after the devastating impact of the coronavirus pandemic, according to Yousef Al-Benyan, chairman of Business 20 (B20) Saudi Arabia.
Giving his opening remarks at this year's event in Riyadh, Al-Banyan, who is also CEO of Saudi Basic Industries Corp (Sabic) commended the role governments and central banks have played in dealing with the economic fallout caused by the Covid-19 crisis.
Meeting comes as IMF warns global GDP will contract 4.4% in 2020 due to impact of the Covid pandemic
However, in addressing more than 1,500 business leaders at the event, he stressed that whatever action has already been taken - the G20 previously injected around $11 trillion to protect the global economy with a clear commitment and determination to do whatever is necessary to overcome the
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