August 22, 2014
WASHINGTON (AP) - World finance leaders are pledging to pursue further actions to bolster a disappointingly weak global recovery. They also reaffirmed their commitment to avoid using their currencies as an economic weapon to gain unfair advantages in foreign trade.
Finance ministers and central bank presidents from the Group of 20 nations wrapped up two days of talks Friday with a joint statement that said they had managed to avoid some of the biggest economic threats but growth was still too weak in many countries and unemployment too high.
The joint statement revealed no major new policy initiatives but did urge the United States and some other countries to emphasize efforts to jump-start growth in the near-term even if that meant less emphasis on deficit reduction.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.