Sunday, April 28, 2013

G20 officials decry lack of global growth | ArabNews



WASHINGTON: World finance leaders say they are determined to attack a sluggish global economy in which growth is too weak and unemployment too high. Their problem is arriving at a consensus over the proper mix of policies.

Finance ministers and central bank presidents from the world’s biggest economies issued a joint statement that papered over stark differences between opposing views.

 The US and other countries are pushing for less budget austerity and more government stimulus while Germany and others contend that attacking huge budget deficits should be job No. 1.

Read more: G20 officials decry lack of global growth | ArabNews

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