Tokyo, June 9 (TIWN) Finance Ministers and Central Bank Governors from the Group of 20 economies on Sunday issued a joint statement in the Japanese city of Fukuoka after a two-day meeting on trade and digital economy.

"Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020. However, growth remains low and risks remain tilted to the downside," the statement said, reported Xinhua news agency.

"Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks, and stand ready to take further action," the statement said.

The finance chiefs also discussed new tax rules on global IT giants, which make huge profits through cross-border data transfers, as well as the impact of aging populations on the economy.