Coronavirus: Financial centres to issue protectionism alert

Coronavirus: Financial centres to issue protectionism alert

An alliance of global financial centres will warn that coordinated economic response to COVID-19 is vital, Sky News learns.. Representatives of the City and other international financial centres will warn this week that governments must avoid "the self-defeating lure of protectionism" and seek a coordinated response to aid the global economy's recovery from the coronavirus pandemic.. The body will also urge governments to "avoid the self-defeating lure of protectionism and work together to open trade and investment constructively and sustainably for our economies"..