#g20

#g20

The G20 finance ministers have reached a consensus emphasizing the need for central banks to remain independent in response to months of criticism from President Trump. In their joint declaration, they identified crucial global economic challenges including trade disputes, supply chain disruptions, ongoing wars, and natural disasters. This marked the first joint statement since last October, reflecting a collective commitment to policies aimed at ensuring price stability. They reiterated that adjustments would be made based on data, highlighting the importance of central bank independence.

German Vice-Chancellor Lars Klingbeil has emphasized the need for closer relationships with the Global South as he travels to a G20 meeting in South Africa.

In the G20 area, GDP growth saw a mixed performance in Q1 2025, with overall growth of 0.8%, as contractions were noted in Korea and the U.S.