G-20 Finance Ministers pledge to boost global economy

The Finance Ministers from the Group of 20 (G-20) major economies have pledged to boost the global economy, which is showing a weak recovery.

This announcement was made at the end of the two-day meeting of G-20 Finance ministers and Central Bank Governors meeting held in the Chinese city of Chengdu.

Key Highlights of meeting

  • G-20 Finance ministers expressed concern about Britain’s plan to leave the European Union and how Brexit will affect the world’s economy.
  • Member nations are well positioned to pro-actively to address the potential economic and financial consequences from such developments.
  • They vowed to reject trade protectionism, which became a prominent issue at the meeting.
  • They expressed the importance of reducing the excess production of steel that has led to a glut on the global market.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017

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