WRAPUP 4-G20 worried by 'modest' global growth, commodities weakness

viernes 15 de abril de 2016 19:39 GYT

* G20 says global economy growing unevenly

* Lew says China, Japan must pursue structural reforms

* Major economies repeat vow to consult on currencies

By David Lawder and Jason Lange

WASHINGTON, April 15 (Reuters) - Financial leaders from the Group of 20 nations said on Friday they were heartened by a recent recovery in financial markets, but warned that global growth was "modest and uneven" and threatened by weakness in commodities-based economies.

In a communique issued after their meeting in Washington, G20 finance ministers and central bank governors repeated their pledge to refrain from competitive currency devaluations, but offered no new initiatives to keep growth from stalling.

The G20 officials took a slightly more positive view on financial markets, which they said had mostly recovered from sharp selloffs earlier this year and were in better shape since they last met in Shanghai in February.

"However, growth remains modest and uneven, and downside risks and uncertainties to the global outlook persist against the backdrop of continued financial volatility, challenges faced by commodity exporters and low inflation," they said.

The communique also pointed to Britain's possible exit from the European Union, geopolitical conflicts, terrorism and refugee flows as complications for the global economic landscape.   Continuación...