G20 Finance Chiefs Optimistic for Global Economy

WASHINGTON (Reuters) – Finance chiefs from the G20 expressed optimism for achieving a "soft landing" for the global economy and urged resistance to protectionism, according to a final communique released on Thursday that retained the key points of a draft document.

"We observe good prospects of a soft landing of the global economy, although multiple challenges remain," stated the joint statement issued at the conclusion of the G20 finance ministers meeting held alongside the annual meetings of the International Monetary Fund and World Bank in Washington.

The final document largely mirrored a draft reviewed by Reuters on Wednesday.

The communique contained no mentions of Russia's invasion of Ukraine, which has been a long-standing point of division for the group, nor the ongoing conflicts involving Israel and Hamas in Gaza, and Hezbollah in Lebanon.

A separate chair's statement issued by Brazil, which holds the G20 presidency this year, noted that members had differing views on whether these conflicts should be discussed within the group.

"Some members and other participants considered that these issues have an impact on the global economy and should be treated in the G20, while others do not believe that the G20 is a forum to discuss these issues," the four-paragraph statement said.

It concluded that Brazil would conduct discussions on the conflicts among G20 "sherpa" officials in preparation for the G20 leaders summit in Rio de Janeiro in November.