Fears have been growing that major economies could get into a bidding war, depressing currencies to boost exports. But the G20 meeting has promised to avoid that.
Faced with "low and uneven growth" across the global economy, the IMF has urged governments to start spending again to buoy growth. It comes as reform efforts are stalling, and austerity seems to have run its course.
Leading German experts are now seeing signs of an economic slump in Europe's power house. They're quite critical of Berlin's current policies - to the delight of Italy and France, opines DW's Andreas Becker.
G20 finance heads and civic leaders meeting in Australia say they have devised reforms to generate an extra 1.8 percent growth. Aims include improved infrastructure projects and added job creation.
Once again, Europe is the sick man of the global economy. The ECB is opening the money channels, and the IMF wants more investment. But none of that can replace the necessary structural reforms, says DW's Rolf Wenkel.
© 2014 Deutsche Welle | Legal notice | Contact