As China prepares to host the G20 summit we look at what it is and why it matters to the markets. The first summit was held in 1999 in Germany – The G20's mandate? To promote growth and economic development across the globe.
G20, which stands for Group of Twenty, is an assembly of governments and leaders from 20 of the world's largest economies: 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russian Federation, Saudi Arabia, South Africa, Turkey, United Kingdom, United States – and the European Union.
This year it is being held in China on 4/5 September, but in a climate of economic uncertainty and sluggish global growth, analysts say it could be short on economic policy.
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