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Europe admits G20 economies will miss extra growth target

April 8, 2017 By Jan Strupczewski VALLETTA (Reuters) – European Union finance ministers admitted on Saturday that the world’s 20 biggest economies (G20) will miss their target of generating additional economic growth through reforms by 2018 and called for reflection on why they have failed. G20 economies agreed in 2014 to boost growth in their economies by at least an additional 2 percent over 5 years through reforms, adding more than $2 trillion to the global economy and creating millions of jobs. “It seems likely that we will not reach…

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G20 ministers give Mnuchin space to define Trump trade agenda

March 20, 2017 By David Lawder BADEN BADEN, Germany (Reuters) – Wary of their first official encounter with U.S. President Donald Trump’s blustery trade agenda, the world’s top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend. But they yielded ground to the newcomer’s push for the Group of 20 major economies to abandon a decade-old pledge to resist protectionism and to delete communique language on financing the fight against climate change. According to G20 officials who interacted with Mnuchin at the…

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