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G20 nations pledge to use all tools to lift growth

Shanghai /AFP The world’s 20 top economies will agree to use all policy tools to lift sluggish global growth, according to a draft communique obtained by Bloomberg News on Saturday, despite German disquiet over fiscal and monetary stimulus. The G20 finance ministers and central bank chiefs meeting in Shanghai agreed to use those methods, as well as structural reforms, “individually ...

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Group wants govts doing more, and central banks less

Shanghai / AFP Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency of monetary policy. In a pledge that will prove easier to write than deliver and may disappoint investors looking for a coordinated stimulus plan, the Group of 20 said “we will use fiscal policy ...

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Brexit and refugees join worry list in draft communique

Bloomberg The Group of 20 added a potential “ Brexit” and an escalating refugee crisis to its long worry list, even as it argued recent market volatility didn’t reflect global growth momentum. In a draft of the communique obtained by Bloomberg News, the G-20 members agreed to use monetary, fiscal and structural tools to boost growth and “calibrate and clearly ...

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