Bloomberg News

G-20 Draft Statement Said to Cite Elevated Global Growth Risks

November 04, 2012

A draft of the statement to be issued by policy makers from the Group of 20 nations described growth as modest and risks elevated, according to an official from one of the countries who declined to be identified because the statement hasn’t been finalized.

Possible delays in Europe’s crisis-fighting plan and the potential for sharp fiscal tightening in the U.S. and Japan were cited as dangers, as well as weaker growth in some emerging markets and supply shocks for some commodities, the official said.

To contact the reporter on this story: Flavia Krause-Jackson in United Nations at fjackson@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net


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