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Added on the 16/11/2015 16:38:26 - Copyright : Reuters EN
Leaders from the world's top economies reached a broad agreement at a summit in China to coordinate macroeconomic policies and oppose protectionism. But as Ivor Bennett reports, few concrete proposals emerged to meet growing challenges to globalisation and free trade.
Worries about the state of the global economy found little relief at the meeting of the world's top 20 economies in Shanghai. As Laura Frykberg reports, central bankers and finance ministers failed to reach any agreement on how to inject a bit more life in stagnating growth.
The OECD raises its global economic growth forecast for 2024, driven by strong performances in the United States and emerging countries while Europe lags behind. The US economy -- the world's biggest -- is now expected to expand 2.6 percent in 2024, up from the 2.1 percent previously expected. But the OECD expects timid growth of 0.7 percent in the eurozone, slightly better than the 0.6 percent previously expected. SOUNDBITE
UN climate chief Simon Stiell warns that global warming will "decimate G20 economies" without unity. "Sidelining climate isn’t a solution to a crisis that will decimate every G20 economy and has already started to hurt," he says during his address at the UK think tank Chatham House, London, UK. SOUNDBITE
Redoubling support for war-stricken Ukraine is the "single best" way to aid the global economy, US Treasury Secretary Janet Yellen says on the sidelines of a G20 finance minister summit in India. SOUNDBITE
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