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G20 leaders strike hopefully tone
17 Apr 2015 17:05
The Group of 20 leading economies have struck a hopeful tone on the outlook for global growth even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's recovery.
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In a draft of a communiqué to be released later in the day, G20 finance ministers and central bankers welcomed brighter economic signs in rich economies.
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However they lamented over weakness in some emerging nations.
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"Risks to the global economy are more balanced since we last met," the draft said. "Prospects in advanced economies, notably the euro area and Japan, have improved and this could support a stronger global recovery."
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Still, the group of developed and emerging market nations, which represent around 80% of global economic output, warned of risks.
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"There are challenges, including volatility in exchange rates and prolonged low inflation along with negative interest rates, sustained imbalances and geopolitical tensions," it said.
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