G20 Pledges Global Growth As Japan Slides Into Recession
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.
- Marilyn Geewax, senior business editor for NPR. She tweets @geewaxnpr.
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