G-20 Finance Officials work to Protect Global Growth

G-20 Finance Officials work to Protect Global Growth

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 from disruptions due to trade and other tensions.

The G-20 finance leaders said in a joint communique that risks from trade and geopolitical tensions were intensifying.

“We will continue to address these risks, and stand ready to take further action,” the statement said.

“We reaffirm our commitment to use all policy tools to achieve strong, sustainable, balanced and inclusive growth, and safeguard against downside risks.”

Global growth appears to be stabilizing and is expected to pick up later this year and next year, the statement said.