Global economy is facing its worst crisis in 100 years: G-20 biz leaders

CEOs from around the world call for urgent policy reforms

Top business leaders said on Monday the global economy was facing its worst crisis in a hundred years due to the ongoing coronavirus, and “downside risks remained elevated” unless urgent reforms were enacted during the G-20 summit which will be hosted by Saudi Arabia in November.
 
“The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of the Business Twenty (B20), a group made up of high-level CEOs from around the world, according to CNBC. “The challenging opportunity is to build back better, with real urgency required from policymakers and business leaders,” he added.