G20 'must work together to fend off financial turmoil'

Finance ministers and central bankers from the world’s leading economies today agreed on the need to co-operate in order to fend off financial market turmoil and keep the world economic recovery on track.

Ahead of a series of talks next month by national leaders, the G20 nations endorsed rescue policies for Europe and the need to rebalance growth by supporting more domestic demand and greater trade by developing countries.