US’s Yellen urges major economies to deploy ‘significant’ new spending

WASHINGTON, April 8, 2021 : US Treasury Secretary Janet Yellen on Thursday urged major economies to deploy “significant” new spending to ensure a solid rebound from the economic crisis caused by the Covid-19 pandemic.

While the economic outlook has improved, especially due to substantial government support, “the job is not yet done,” she said in a statement to the International Monetary Fund and World Bank. Yellen urged these institutions “to provide significant amounts of new fiscal support to secure a robust recovery.”(AFP)