G20 Talks: Damned If You Do...

Protectionism on the rise.

By SHARE

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?