G20 draft communique sees elevated risks to global growth - source
MEXICO CITY (Reuters) - A draft communique being prepared for Group of 20 policymakers sees elevated risks to the global economy, including from potential fiscal tightening in the United States and Japan, a source familiar with the draft told Reuters on Sunday.
"Global growth remains modest and risks remain elevated, including due to possible delays in the complex implementation of recent policy announcements in Europe, a potential sharp fiscal tightening in the United States and Japan, weaker growth in some emerging markets and additional supply shocks in some commodity markets," the draft said, according to the source.
(Editing by Simon Gardner)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
Trending On Reuters
Barack Obama in India
In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi announced a breakthrough on nuclear trade on Sunday, a step that both sides hope will help establish an enduring strategic partnership. Full Article
Indian economic growth forecasts pegged back, despite rate cuts: Reuters Poll. Full Article