G20 To Warn Against Complacency On Economy |
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June 23, 2010
(Reuters) -The Group of 20 major economies will warn against complacency in tackling the global economic crisis and say that sickly public accounts could hit long-term growth, a draft G20 document shows. The draft version of the summit communique, obtained by Reuters and drawn up ahead of a G20 leaders meeting this weekend in Toronto, reflected the different views within the G20 on how to proceed with economic policy.
(Reuters) - The Group of 20 major economies will warn against complacency in tackling the global economic crisis and say that sickly public accounts could hit long-term growth, a draft G20 document shows. The draft, dated June 11, said the recovery was "uneven and fragile" with unemployment at unacceptable levels. "There is no room for complacency," it said. At the same time, it said "fiscal challenges in many states are creating market volatility, and could seriously threaten the recovery and weaken prospects for long-term growth."
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