G20: Global growth will rebound and trade and geopolitical tensions within risk

Economy and stock exchange

The G20 finance ministers' final statement said global growth will likely rebound this year and next, and that trade and geopolitical tensions are the main downside risks.

Finance ministers and central bank governors of the world's top 20 economies are looking at economic affairs in Fukuoka, Japan, amid growing trade tension between the world's two largest economies, the United States and China..

"Global growth appears to be stabilizing and is generally expected to recover slightly later this year and in 2020," the draft statement read by Reuters said.""But growth is still low and risks continue to trend downward. More importantly, trade and geopolitical tensions have intensified, we will continue to address those risks and stand ready to take further action," the draft added.".