(MENAFN) The Group of Twenty pledged on Friday to make careful policies shift eyeing global economy growth before any further austerity, reported Arab News.
A statement indicated that: "While our policy actions have contributed to contain downside risks, those still remain elevated,", adding that: "There has been an increase in financial market volatility and a tightening of conditions.".
It's worth mentioning that the forum discussed for two days the global sell-off in stocks and bonds, and a flight to the dollar caused by reduced monetary stimulus by the US Federal Reserve.
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