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Germany against G20 stimulus as ministers meet

China's growth fell to 6.9 percent in 2015Germany is against the world’s top 20 economies launching a fiscal stimulus package in the face of slowing global growth, its finance minister said Friday, as the major powers disagreed on the best approach. Government attempts to boost their economies with monetary loosening could be “counterproductive”, Wolfgang Schaeuble told a conference ahead of a G20 finance ministers meeting in Shanghai. The gathering comes with the global economy assailed on multiple fronts, from slowing growth in host nation China to weak commodity prices, and after the OECD last week cut its 2016 global growth forecast from 3.3 percent to 3.0 percent.

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