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G20 see economic outlook as less negative

G20 finance ministers and central banks see the global economic outlook as “less negative”. They are going to pledge to “sustain and strengthen” policy actions and “facilitate international” trade and enticements. Also, G20 will agree to freeze on the servicing of official bilateral debt for poor countries for another six months.

“The outlook is less negative with global economic activity showing signs of recovery as our economies have been gradually reopening and the positive impacts of our significant policy actions started to materialize,” the draft of the communique showed. “We will sustain and strengthen as necessary our policy response, considering the different stages of the crisis, to secure a stable and sustainable recovery.”

“We will continue to facilitate international trade, investment and to build resilience of supply chains to support growth, productivity, innovation, job creation and development”.

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