G-20 finance ministers to acknowledge discrepancies in global economic outlook among countries

Cairns, Australia: Group of 20 finance chiefs will warn that risks to global economy have increased in recent months. An official has cited the latest draft of a communique due to be released on Sunday. Finance ministers and central bank governors meeting in Cairns, Australia, will acknowledge in the statement that the outlook is uneven among countries, the official from a G-20 nation said on Saturday, asking not to be identified because the document hasn't been made public.

G-20 economies will also commit to taking growth-boosting measures to spur recovery. "Ambitious goals to increase sustainable growth rates are certainly welcome against the background of sluggish growth and sticky unemployment in some countries," European Central Bank governing council member Jens Weidmann said.

Global economic recovery has faltered since a February G-20 meeting in Sydney, as signs that Europe risks slipping into deflation offset more bouyant economies in the US and UK and wealth effects of stock-market gains.

In Asia, Japan's revival is being blunted by a sales tax increase and concerns are mounting that China's 7.5% growth target for 2014 is becoming harder to attain. G-20 economies have submitted individual plans to boost gross domestic product by an additional 2% over five years, a goal the group committed to in February