[Mohamed A. El-Erian] G20 delivers empty warning on global economy
ViewpointsApr 19, 2016
The communique issued by the Group of 20 finance ministers and central bankers at the conclusion of talks in Washington this weekend had a somewhat unreal, and worryingly ironic, tone. Noting that global growth “remains modest and uneven,” the G20 warned the large advanced economies against continuing their prolonged, excessive reliance on unconventional monetary policy to power growth. Yet the communique, which was issued in the names of the specialized policy makers most closely involved in pe