G20 Officials To Wrestle Over Economic Imbalances |
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November 5, 2009
Leaders of rich and developing countries pledged at their last summit to even out the glaring imbalances that are weighing on the world economy. Their finance officials now face the daunting task of finding common ground on just how to do that.
Leaders of rich and developing countries pledged at their last summit to even out the glaring imbalances that are weighing on the world economy. Their finance officials now face the daunting task of finding common ground on just how to do that.
Finance ministers and central bankers from the Group of 20 countries meeting in Scotland on Friday and Saturday plan to hammer out a peer review process aimed at closing damaging trade, consumption and budget gaps - but long-standing disagreements suggest that progress will be torturously slow.
Officials are also likely to repeat their pledge to keep economic stimulus measures in place until a global economic recovery is assured - even as growth in key markets provides a hopeful backdrop for the meeting at a seaside hotel at St. Andrews, the Scottish university town known as the home of golf.
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