G20 fails to satisfy IMF

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Leaders at the G20 summit in Canada tried to find common ground to build a more stable global economy, but the uneven and fragile recovery, swelling national debts and growing unemployment, has meant there is no one-size-fits-all solution.

They did agree to halve public deficits of within three years, but failed to agree on a global bank tax.

Now the IMF warns without more co-ordinated action, $2.25tn in global output could be at risk and millions of jobs.

Andrew Walker reports.

READ MORE: G20 agrees deficit cuts by 2013

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