Reuters, 15/04 16:01 CET
By David Lawder
WASHINGTON (Reuters) –
Financial leaders from the Group of 20 major economies scrambled on
Friday for a way to keep global growth from stalling amid concerns about
a drop-off in international trade and the waning effectiveness of loose
monetary policy.
The G20 gathering, the highlight of the International
Monetary Fund and World Bank spring meetings in Washington, came amid
growing pressure on richer nations to boost infrastructure spending,
deregulate industries and spur employment.
Earlier this week the IMF cut its 2016 growth forecast for the world economy, the fourth such move in less than a year.
In a statement to the G20 on Thursday night, Indian
Finance Minister Arun Jaitley said governments could not continue
relying on central banks to take the lead in spurring growth and should
consider boosting spending.
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Source: Euronews
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