G20 Calls for Int’l Coordination to Control Virus Outbreak

G20 Calls for Int’l Coordination to Control Virus Outbreak
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G20 Calls for Int’l Coordination to Control Virus Outbreak

G20 Calls for Int’l Coordination to Control Virus Outbreak

The representatives of the G20 leaders have discussed the coronavirus outbreak and its impact on people and the global economy during the second Sherpa meeting in Khobar, Saudi Arabia, this week.

“This pandemic calls for a robust international response. G20 countries will enhance cooperation and coordination to control the outbreak, protect people, mitigate the economic impact, and maintain economic stability, while avoiding stigmatization,” they said in a statement.

“The protection of human lives is of paramount importance. G20 countries support and work closely with the World Health Organization (WHO) to monitor the outbreak, share relevant information, encourage preventive measures, early case detection, and clinical care,” they said.

The conferees underscored the importance of close cooperation between international organizations, urging them to report regularly to the G20 on their actions and assessment of needs.

“We will step up support for the development of early warning systems, appropriate treatments, and vaccines. Fighting the disease at home is our primary concern,” said the statement.

The Sherpa meeting also pledged to strengthen capacity building and technical assistance between G20 states and to developing countries that have weaker health systems and more vulnerable populations.

In their recent statement, G20 Finance Ministers and Central Bank Governors agreed to use all available policy tools, including fiscal and monetary measures as appropriate.

“We invite our finance officials to continue their ongoing work with international organizations to respond to the economic impact of COVID-19,” said the Sherpa statement.

It expressed confidence that “working closely together, we will overcome the COVID-19 outbreak and its implications, safeguard human lives, and protect the global economy.”



Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
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Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organization.

The travel and tourism industry's contribution to global gross domestic product is expected to reach new heights as consumers increasingly see travel as an essential part of their budgets.

The WTTC estimates the industry's contribution to global GDP in 2024 will increase 12.1% year-over-year to $11.1 trillion, making up 10% of global GDP. This represents about a 7.5% increase from the previous record set in 2019.

"Despite some concerns last year about us going into a global recession and high inflation, this year we are looking at travel and tourism being a real economic powerhouse globally," said Julia Simpson, CEO of the non-profit organization.

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP.

The sector is expected to support nearly 348 million jobs in 2024, or 13.6 million jobs more than in 2019, the previous record prior to the pandemic. The industry is still hiring to fill jobs in the rapidly expanding field.

In the United States, there are currently 1 million job openings across the leisure and hospitality industry, according to the US Travel Association. Total employment supported in the US was about 27 million jobs in 2023, according to the WTTC.