April 15, 2016 / 5:31 PM / 2 years ago

G20 says economic growth modest, warns of downside risks

WASHINGTON, April 15 (Reuters) - The Group of 20 major economies said on Friday that economic growth remains “modest and uneven,” with downside risks ranging from a potential British exit from the European Union to geopolitical conflicts.

In a communique issued after a meeting of G20 finance ministers and central bank governors, the group reiterated its previous pledges on exchange rates, “including that we will refrain from competitive devaluations and we will not target our exchange rates for competitive purposes.” (Reporting by David Lawder; Editing by Paul Simao)

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