G-20 Summitt Pittsburgh
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WELCOME TO PITTSBURGH !
Pittsburgh, Pennsylvania is host to the G-20 Summit being held September 24-25, 2009. President Obama is chairing this meeting of leaders from countries around the world that represent 85 percent of the world’s economy.
WHAT IS THE G-20?
The G-20 is made up of the finance ministers and central bank governors of 19 countries plus the European Union:
1. Argentina
2. Australia
3. Brazil
4. Canada
5. China
6. France
7. Germany
8. India
9. Indonesia
10. Italy
11. Japan
12. Mexico
13. Russia
14. Saudi Arabia
15. South Africa
16. South Korea
17. Turkey
18. United Kingdom
19. United States of America
WASHINGTON (Reuters) – The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.
A document outlining the U.S. position ahead of the September 24-25 Group of 20 summit in Pittsburgh said exporters, which include China, Germany and Japan, should consume more, while debtors like the United States ought to boost savings.
Simon Johnson, a former chief economist at the IMF, warned there was a risk the Pittsburgh summit would be an empty public relations exercise.
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