G20 thinks global economy is uncertain

According to Yonhap news agency, although the G20 Member States on the exchange rate disputes and other external uncertainties reached a certain consensus, but there are still differences in the target value of current account revenue and expenditure.　　Therefore, at the forthcoming Seoul G20 Summit, countries may have a lot of controversy around the current account target. South Korea's Ministry of Finance and the Preparatory Committee for the G20 Summit said that G20 Member States ' deputy finance ministers issued their respective positions when they discussed the draft Seoul declaration.　　The deputy finance Ministers agreed that the European financial crisis and major national exchange rate disputes led to a gradual expansion of global economic uncertainty, so the international community needs to take concerted measures. However, with regard to the target value of the current account, some countries, such as Germany, insist on opposing positions, so it is difficult for countries to reach an agreement on this issue.　　Germany says the country's large current-account surplus does not come from currency adjustments but from strong export competitiveness. South Korea's basic position is that countries must control the current account surplus and the deficit to within 4% per cent of gross domestic product. At the same time, consideration should also be given to the economic situation of crude oil-producing countries and surplus countries, with programmes acceptable to all countries.