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Britain s Prime Minister Boris Johnson (File photo)
LONDON: Group of Seven countries should invest $1 trillion per year until 2030 to ensure a strong and sustainable economic recovery from the pandemic, according to a report that was requested by British Prime Minister Boris Johnson.
US President Joe Biden is expected to join other G7 leaders at a G7 summit in Cornwall, southern England, on June 11-13. At the heart of the proposed vision for the economic response to the pandemic is a coordinated global programme of investment for recovery, reconstruction and transformation that can boost all forms of capital – physical, human, natural and social, Nicholas Stern, professor of economics at the London School of Economics, said in the report.