G20 Latest News: G20 Finance Ministers Aim for More Growth

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G20 Latest News: G20 Finance Ministers Aim for More Growth

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G20 Latest News: G20 Finance Ministers Aim for More Growth

Wochit 0:55 mins

The Group of 20's finance ministers in Moscow say their countries consider strengthening economic growth and creating jobs to be top priorities. The group noted that although there are signs of stronger economies in the United States and Japan, the eurozone continues to suffer from recession and that economic growth in emerging markets is comparatively slow. The Group of 20 nations put growth ahead of austerity, seeking to rebalance a multi-speed global economy and pledging to shift policy carefully so recovery is not derailed by volatile financial markets. Russia's finance minister said G20 policymakers have soft-pedaled on goals to cut government debt in favor of a focus on growth and how to exit central bank stimulus with a minimum of turmoil.

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