Reuters: US Dollar Report: G20 won't hurt growth with austerity push-draft communique

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

G20 won't hurt growth with austerity push-draft communique Nov 5th 2012, 15:45 MEXICO CITY | Mon Nov 5, 2012 10:45am EST MEXICO CITY Nov 5 (Reuters) - Leading economies in the Group of 20 will make sure they do not tighten budgets so quickly as to hurt growth, according to a draft communique drawn up for top G20 finance officials meeting on Monday. "We will ensure the pace of fiscal consolidation is appropriate to support growth," the draft said. The G20 agreed in 2010 that advanced economies should halve their budget shortfalls by the end of next year but that target could be made more flexible given the slowdown in growth in many countries, financial officials said earlier on Monday. "We will ensure our public finances are on a sustainable path, in line with the medium-term Toronto commitments in the case of advanced economies," the draft said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions