G20 adjusts to new economic landscape

Leaders from the Group of 20 industrialised and developing nations meeting in Pittsburgh, USA, on Thursday night (24 September) appear to have struck a series of deals that recognise the changed economic landscape of the 21st Century.

Agreement was reached on a new framework to reduce world imbalances and on the need to reform voting rights within the International Monetary Fund. A decision was also taken to recognise the G20 as the primary forum for economic decision-making.

Th...