World Bank's Kim Sees Little Chance of G-20 Action for Growth
- Group of 20 finance chiefs to meet amid unstable markets
- ``Unorthodox'' policy measures failing to boost global economy
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The sluggish global economy has entered “unprecedented territory” as countries grapple with divergent difficulties, leaving little room for a coordinated policy response from the Group of 20 finance chiefs meeting this week, World Bank President Jim Yong Kim said in an interview.
“There is a lot of uncertainty; there is a lot of instability and fluctuations in global markets,” he said. “But I don’t think we’re at a point where you are going to see some sort of concerted, focused action in one sector or another.”