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G20 Leaders Warn Of Trade Risks, Disagree On How 'Pressing' The Need To Resolve It

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G20 Leaders Warn Of Trade Risks, Disagree On How 'Pressing' The Need To Resolve It

2019-06-09 17:38:011 Oct 2018 01:53 AM EST

According to a report by Reuters, on Saturday, a draft communique from the G20 summit suggests that global trade tensions threaten an expected pick-up in economic growth this year and in 2020, however policymakers remain divided on whether the need to resolve those tensions was 'pressing.' Finance ministers and central bank governors of the world’s 20 biggest economies reportedly said, “Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020. However ... risks remain tilted to the downside. These include, in particular, intensified trade and geo-political tensions."

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