Current G-20 head urges more action on global economy

AP News
Posted: Apr 16, 2015 1:28 PM

WASHINGTON (AP) — The current head of the Group of 20 wealthy and emerging nations says governments need to do more to jolt the global economy out of the rut it fell into after the 2008 financial crisis.

Turkish Deputy Prime Minister Ali Babacan, who is responsible for his country's economy, said Thursday the worst may be over but recent economic developments are not yet satisfactory.

Speaking ahead of the G-20 meeting in Washington Friday, he said there are bright spots in some countries but growth is weak, imbalanced and uneven.

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He said G-20 countries must do more to carry out commitments made last year in Australia to jumpstart growth including investing in infrastructure and boosting trade.

Babacan also said the G-20 needs to involve low income developing countries more in its deliberations.