G20 determined to strengthen recovery, create jobs

Finance ministers and central bank governors of the G20 nations said on Friday that they are determined to take actions to further strengthen economic recovery, create jobs and improve medium-term growth prospects, according to a communique released after their meeting in Washington. "We welcome the prospects for global economic growth to strengthen in 2014 but remain vigilant in the face of important global risks and vulnerabilities," said the communique. "To meet our Sydney growth ambition to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming five years, we are committed to developing new actions: build on previous G20 commitments, address identified gaps in our policy settings, lift and rebalance global demand and achieve exchange rate flexibility as well as increase growth potential, and create substantial positive spillovers to each other and the world economy".