Morning,
G20 leaders have agreed to reduce deficits and pursue "growth-friendly policies."
According to a joint statement, the G20's priority should be to cut debt or keep short-term spending to fuel demand.
A joint statement said that "Advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016."
In a bid to fuel economic growth outside the United States, the G20 also stressed the need to rebalance global demand.
The G20 urged "some" emerging countries to let their currencies float more freely, a move that proponents say will make global trade fairer and boost domestic demand, particularly in China.
But a final statement did not name China specifically.
Despite pressure from European countries, the G20 shied away from a global tax on banks allowing each country to choose whether to impose the levy.
G20 leaders have agreed to reduce deficits and pursue "growth-friendly policies."
According to a joint statement, the G20's priority should be to cut debt or keep short-term spending to fuel demand.
A joint statement said that "Advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016."
In a bid to fuel economic growth outside the United States, the G20 also stressed the need to rebalance global demand.
The G20 urged "some" emerging countries to let their currencies float more freely, a move that proponents say will make global trade fairer and boost domestic demand, particularly in China.
But a final statement did not name China specifically.
Despite pressure from European countries, the G20 shied away from a global tax on banks allowing each country to choose whether to impose the levy.
