G-20 Pushes Growth as Stimulus Withdrawal Backed, Draft Says
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The Group of 20 will take “concrete actions” to bolster growth while backing the normalization of monetary policy in advanced economies, according to a draft communique seen by Bloomberg News.
“We commit to developing new measures to significantly raise global growth, while maintaining fiscal sustainability,” the draft for this weekend’s meeting of G-20 finance ministers and central bankers in Sydney says. “We recognize accommodative monetary policy settings in advanced economies will need to normalize in due course, in line with stronger growth.”