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G20 Pledges Global Growth As Japan Slides Into Recession

Japan's Prime Minister Shinzo Abe waves as he arrives for the G20 Summit in Brisbane on November 15, 2014. Australia is hosted the leaders of the world's 20 biggest economies for the G20 summit in Brisbane on November 15 and 16. (Alain Jocard/AFP/Getty Images)
Japan's Prime Minister Shinzo Abe waves as he arrives for the G20 Summit in Brisbane on November 15, 2014. Australia is hosted the leaders of the world's 20 biggest economies for the G20 summit in Brisbane on November 15 and 16. (Alain Jocard/AFP/Getty Images)

World leaders at the G20 summit gathered in Australia over the weekend and promised to add $2 trillion to the global economy by 2018.

But global growth is far from guaranteed. Japan announced its economy slid back into a recession in the third quarter because of weak consumer demand and poor exports.

Meanwhile, at the G20, Russian President Vladimir Putin got a cold reception. There’s talk of further sanctions against Russia over the crisis in Ukraine.

NPR’s Marilyn Geewax discusses the G20 summit and Japan’s recession with Here & Now’s Jeremy Hobson.

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