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Business

G20 vows to use 'all tools' to prop up growth

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Opening sequence

Business

G20 vows to use 'all tools' to prop up growth

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COMING UP:G20 vows to use 'all tools' to prop up growth

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Transcript

00:00:00
>> The world's biggest economies are promising action on growth following Britain's shock vote for Brexit. Finance ministers and central bank chiefs from the Group of 20 major nations gathering in China over the weekend. Brexit dominating the agenda after it sparked volatility on markets and warnings of a hit to global growth.
00:00:20
UK finance minister Philip Hammond saying that calm will return as his country's plans become clearer.>> One, two, three, cheese, snap.>> For now, the finance chiefs say they will use all available tools to support growth. Japan's central bank governor sanguine about the outlook, but keeping a close eye on markets.
00:00:40
>>
FOREIGN]
>> I know there'll be an impact from Brexit, but for the global economy as a whole, I don't think there'll be a change in the scenario in which growth rates will continue to rise. Uncertainty will continue, including the negotiations between Britain and the EU, which will take years, so we'll be paying attention to such things.
00:01:03
>> Trade the other big agenda item. The G20 expressing concern over rising calls for protectionism. Some seeing that as a jab at US presidential candidate Donald Trump. He's threatened to pull out of trade agreements and raise tariffs on imports.