The FT reports how expectations are low for the G20's meeting this Friday on ways to achieve more "balanced" global growth:
British officials warned that unless more balanced growth could be achieved, the global community would have to accept either lower growth or a retreat to protectionism, as every country tried to create a trade surplus.
[emphasis mine]
So you can have either lower growth or... protectionism, which almost always means lower growth. What'll it be?
Muser of NM @ Sep 22, 2009 20:22:16 PM