Daily Traders Edge

US to press G20 to do more for growth

February 22
20:10 2016

Worried about global growth, the United States will press G20 powers to boost their economies when the group's finance chiefs meet in Shanghai this week, a senior US official said Monday. The official said that Treasury Secretary Jacob Lew, representing Washington at the Group of 20 meeting, will also travel to Beijing to press on his Chinese counterpart the need to stick to its reform plans. "Globally there remains a shortage of aggregate demand," the Treasury official said, insisting on anonymity.

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