World Economy Has Growing Chance of Soft Landing, G-20 Says
- Finance ministers in Sao Paulo will finalize closing statement
- Draft cites ‘faster-than-expected disinflation’ as upside risk
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The global economy has a growing chance of pulling off a soft landing, finance chiefs said in a draft of the G-20’s closing statement at this week’s meeting in Brazil, citing faster-than-expected disinflation as one of the upside risks.
“We note that the likelihood of a soft landing in the global economy has increased,” said the draft communique dated Feb. 23, seen by Bloomberg News. “Risks to the global economic outlook are more balanced. Upside risks include faster-than expected disinflation.”