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G20 leaders agree investment critical to boost demand - Deutsche Bank

FXStreet (Łódź) - Jim Reid from Deutsche Bank comments on the G20 meeting held over the weekend, during which the participating officials reaffirmed their commitments on global economic growth with a focus on investment.

Key quotes

"Indeed the leaders agreed that investment is critical to boost demand and collectively have agreed to a Global infrastructure initiative to increase quality investments."

"In implementing this initiative, leaders have reaffirmed support to quality public and private investments which will include the optimal use of government’s balance sheet while maintaining appropriate risk controls."

"They hope this will eventually facilitate the normalisation of monetary policy in advanced economies."

"The communiqué suggested that they were mindful of the potential build up of financial market risk given the environment of low interest rates and low asset price vol."

"One has to be guarded when reading such statements as the practice of implementing such initiatives has proved to be much more challenging than the promise of them since the GFC."

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