G-20 Sees Risks to Long-Term Growth From ‘Cascading Crises’
- Uncertainty on global economic outlook seen remaining high
- Person familiar with draft of final communique reveals details
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Leaders of Group of 20 nations plan to warn that “cascading crises” have posed challenges to long-term economic growth and call for coordinated macroeconomic policies to support the world economy, according to a person familiar with a draft of the final communique.
The group, which is meeting in India this weekend, plans to say that uncertainty on the economic outlook remains high and the balance of risks is tilted to the downside, the person said. They see global economic growth as uneven and below the long-term average, the person said, adding to the need for well-coordinated fiscal and monetary policies.