Global Economic Recovery and Central Bank Governors Meeting

central bank governors meeting: Finance ministers and central bank governors meeting in Cairns, Australia , will acknowledge in the statement that the outlook is uneven among countries, the official from a G-20 nation said yesterday, asking not to be identified because the document hasnt been made public. G-20 economies today will also commit to taking growth-boosting measures to spur recovery, according to Bloomberg. The global economic recovery has faltered since a February G-20 meeting in Sydney, as signs that Europe risks slipping into deflation offset more bouyant economies in the U.S. and U.K. and the wealth effects of stock-market gains. In Asia, Japans revival is being blunted by a sales tax increase and concerns are mounting that China s 7.5 percent growth target for 2014 is becoming harder to attain. Growth Plans Group of 20 finance chiefs will warn that risks to the global economy have increased in recent months, an official said, citing the latest draft of a communique due to be released today. Ambitious goals to increase sustainable growth rates are certainly welcome against the background of sluggish growth and sticky unemployment in some countries, European Central Bank Governing Council member Jens Weidmann said in an interview yesterday. (news.financializer.com). As reported in the news.