G20 Talks: Damned If You Do...

Protectionism on the rise.


The FT reports how expectations are low for the G20's meeting this Friday on ways to achieve more "balanced" global growth:

British officials warned that unless more balanced growth could be achieved, the global community would have to accept either lower growth or a retreat to protectionism, as every country tried to create a trade surplus.

[emphasis mine]

So you can have either lower growth or... protectionism, which almost always means lower growth. What'll it be?