Lael Brainard, the under secretary for international affairs at the US treasury has given us the run down of the treasuries participation at the meeting.
- Says the dominant economic priority is to ensure global economy strong so can continue creating jobs at home
- G20 members need to boost domestic demand and create jobs
- Welcomes signs that Europe’s recession is ending
- Critical to see Japan adhere to G7 commitments on escaping deflation
- Pleased to be at the forefront of the effort to combat tax evasion
- G20 must finish its implementation of the financial reform agenda so can assess the impact on financial stability at next G20 meeting
She also had this to say;
Though there is still more work to do, the U.S. economy is in a stronger position now than any time since the G-20 began, and we have also accomplished considerable fiscal consolidation. As we compare our recovery to other advanced economies, we can now see that our approach, to put jobs and growth at the center of macroeconomic policy, was the right approach.
Comments on that little gem are welcome
Irrespective of all that all eyes will be on Obama and Putin and whether they pay nice. If they don’t then it’s;