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G-20 Ministers Renew Vow to Promote Growth After Brexit Shock

CHENGDU, China—Global finance ministers redoubled their commitments to use all available policy tools to boost economic growth, wary that myriad headwinds risk pushing the world economy into a low-growth rut.

Among the most prominent of problems the Group of 20 largest economies cited is the U.K.’s surprise decision late last month to leave the European Union.

“In the future, we hope to see the U.K. as a close partner of the EU,” the G-20 finance ministers and central bankers said in their official communiqué after two days of talks.

The U.K. and EU delegations both agreed on the need to reduce global uncertainty surrounding Brexit, but appeared to differ on timing. While European officials urged London not to “waste time” in resolving the issue, U.K. finance minister Philip Hammond said his country will wait to formally notify Brussels of its departure until it is fully prepared for the complex exit negotiations.

Even then, global insecurity over the divorce is likely to continue, Mr. Hammond said...


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