Economics
G-20 Should Take Urgent Action on Global Economy, EU Draft Says
- Nations should refrain from competitive devaluations, EU says
- EU sets out priorities for Feb. 26-27 G-20 meeting in Shanghai
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The world’s top finance ministers and central bankers should pledge to step up efforts to boost global growth at the Feb. 26-27 Group of 20 meetings in Shanghai, according to a European Union planning document obtained by Bloomberg News.
“The global economy is still facing considerable risks with global growth still falling short of expectations,” the EU said in the draft. “We need to act urgently to secure a strong and durable global economic recovery and the delivery of the 2 percent additional growth ambition by 2018.”