Investors want global leaders meeting in Mexico next week to take action on reviving economic growth, the Institute of International Finance said.
“Markets will be looking expectantly for evidence of a globally coordinated policy response targeted to revive growth prospects worldwide on a sustainable basis,” IIF Managing Director Charles Dallara said in a letter today to leaders attending the Group of 20 summit in Los Cabos, Mexico, on June 18-19.
The summit will give European leaders a chance to discuss economic concerns with heads of other major economies, including U.S. President Barack Obama. European governments are more focused on building a consensus for another summit they are holding later this month, a U.S. official said yesterday on condition of anonymity.
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