Saturday, July 23, 2016

G20 agrees to strengthen defenses against “Brexit” – Deutsche Welle

The world’s leading economies will make more efforts to boost global growth and sharing the benefits more broadly, said Saturday (07/23/2016) senior officials seeking to cope with the aftermath of the departure of the United Kingdom of European Union (EU) and the discontent with globalization.

the finance ministers and central bankers from the G20 are meeting this weekend in Chengdu, a city in southwest China, to discuss how to respond to the global challenges, exacerbated by the surprising British decision to leave the European Union, known as “Brexit”.

the specter of protectionism, fueled by the rhetoric of “America first States” Republican presidential candidate Donald Trump, he has also spoken of abandoning trade agreements, also flew in the atmosphere of the meeting.

Promote the inclusion

“the recovery continues but remains weaker than desirable. Meanwhile, the benefits of growth should be shared more widely among countries to promote inclusion way, “said the G20 ministers in a draft communique of the meeting, which was seen by Reuters on Saturday.

draft, which could undergo changes before being published at the end of the meeting on Sunday afternoon, said that the “Brexit” added another uncertainty to the world economy, although members of the G20 are “well positioned to proactively address their possible economic and financial “consequences.

the US Treasury secretary, Jack Lew, said it was important that the G20 countries impulsasen shared growth using all policy tools, including monetary and fiscal policies, as structural reforms to increase efficiency

CT (Reuters, EFE, dpa)

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