G20 pledges decisive monetary, fiscal action if needed: draft text

February 10, 2015 2:53 AM

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G20 pledges decisive monetary, fiscal action if needed: draft text

ISTANBUL (Reuters) - The Group of 20 (G20) leading economies will pledge to act decisively on monetary and fiscal policy if needed to combat the risk of persistent stagnation, according to a draft communique obtained by Reuters on Tuesday.

The communique, intended for adoption by G20 ministers later on Tuesday at a meeting in Istanbul, pointed to the risk of prolonged low inflation, sluggish growth and demand weakness in some advanced economies.

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