G-20 finance leaders to warn of rising inflation, geopolitical risks

in Ukraine and the Covid-19 pandemic's fallout cloud the outlook.overshadowed a meeting of G-20 finance ministers and central bank governors, which was expected to focus heavily on how to whittle down crisis-mode stimulus policies without disrupting a post-pandemic recovery.

Inflation is currently elevated in many countries due to supply disruptions, a mismatch in supply and demand, as well as rising commodity and energy costs, the draft communique said. The draft statement contained no direct reference to the crisis on the Ukraine-Russia border, saying only that the G-20 will continue to monitor risks,"including those arising from geopolitical tensions".

The G-20 finance leaders will issue the final communique after their meeting ends on Friday. The talks were held both virtually and in Jakarta.

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G20 finance leaders to debate inflation, fallout from tighter policyTOKYO/JAKARTA : Finance leaders of the world's top 20 economies will debate the fallout from lingering geopolitical tensions, rising global inflation and tighter monetary policy in some regions at a two-day meeting kicking off on Thursday.But rising COVID cases overshadow the gathering with many ministers
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