G-20 Says Growth Risks Are Stabilizing as Shock of Brexit Looms
- Reiterates commitment to avoid competitive forex devaluations
- Tougher stance on tax transparency after Panama Papers
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Finance chiefs of the Group of 20 economies said risks to the global recovery have stabilized while threats to the outlook remain, including terrorism and the U.K.’s potential exit from the European Union.
“Growth remains modest and uneven, and downside risks and uncertainties to the global outlook persist against the backdrop of continued financial volatility, challenges faced by commodity exporters and low inflation,” according to the group’s communique released Friday in Washington.