The 15th edition of the G20 summit will be held in Riyadh, the capital city of the Kingdom of Saudi Arabia (KSA) on Saturday and Sunday.
Leaders of major economies in the world are holding this summit for the first time via video technology, in light of the Corona crisis, which imposed new rules for life.
The leaders will meet for two days to discuss global financial, social, and economic issues.
According to the French news agency, the work of the summit, which is usually an opportunity for bilateral dialogues between world leaders, this year will be limited to brief sessions via the Internet on the most urgent global issues.
The summit will likely discuss ways to confront the novel coronavirus (COVID-19) and how to mitigate its damage to the economy, especially in poor countries.
A source close to the organizers in Saudi Arabia, which chairs the G20 this year, said that the discussions will dominate the repercussions of the pandemic and steps to revive the global economy.
The Group of Twenty (G20) faces increasing pressure to do more to deal with potential debt default in developing countries.
The discoveries of new vaccines have raised hopes that the virus will be contained.
The Paris-based Organization for Economic Cooperation and Development (OECD) expects a 4.5% contraction in global economic output this year.
The importance of the G20 stems from the fact that the member states of the group collectively possess about 80% of the global economic output, and two-thirds of the world's population live in their countries; they account for three-quarters of the volume of world trade.
It is worthy to mention that the Turkish market is overflowing with the number of unemployed inpiduals locally.
The Turkish Statistics Authority said that, as of the end of last June, the number of unemployed in the Turkish market reached 4.1 million, with an unemployment rate of 13.4%.
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