G20 finance leaders pledge to protect global growth
Updated : June 09, 2019 03:27 PM IST
Finance ministers and central bank chiefs from the Group of 20 major economies wrapped up a meeting in Japan on Sunday with a pledge to use all the policies they can to protect global growth. The G-20 finance leaders said in a joint communique that risks from trade and geopolitical tensions were "intensifying." "We reaffirm our commitment to use all policy tools to achieve strong, sustainable, balanced and inclusive growth, and safeguard against downside risks," the leaders said. They added that despite the risks, global growth appeared to be stabilizing and was expected to pick up later this year and next year. The leaders spent the weekend haggling over issues ranging from taxes to debt and artificial intelligence as China and the US showed no sign of breaking their stalemate over trade and technology.