At the conclusion of the G20 meeting in Shanghai, Reuters and Bloomberg gathered the key points from the G20 draft communique, noting that the world needs to look beyond easing policies for growth.
Monetary policies will continue to support economic activity and ensure price stability, although monetary policy alone cannot lead to balanced growth
Committed to further enhancing the structural reform agenda
The global recovery continues, but it remains uneven and falls short of our ambition for strong, sustainable and balanced growth
Markets’ recent ructions have been overreactions to economic anxieties that do not reflect economic fundamentals
Uncertainties not helped by threats such as Britain’s possible exit from the EU and the European refugee crisis
While recognising these challenges, we nevertheless judge that the magnitude of recent market volatility has not reflected the underlying fundamentals of the global economy
(Market News Provided by FXstreet)