The G-20 warned here today about the risks of instability and policy uncertainty generated by elections in advanced economies and the impact of Brexit, they may have for the global economy and financial markets.
chinese minister of Finance, Lou Jiwei, chairman of the G-20, referred to a rise in populism as a consequence of the emergence of politicians who are promoting a discourse against free trade and what it called anti-globalization.
“There is a trend of populism is profoundly anti-globalization that has led some politicians to use the rhetoric to win support and this is causing uncertainty,” he said at a press conference.
Jewel indicated that, for the G-20, the uncertainty and risks facing the global economy have risen as some advanced economies “have entered its election season”, in what appeared to be an allusion to the elections in the united States.
“we Need to recognize that some risks to political elections in some countries of large economy are creating uncertainty,” he said.
Jiwel warned also that the “punch total” of the output of the United Kingdom of the European Union (EU) remains uncertain, while the vulnerability of the financial system is increasing as the expectation for the rise of the federal taxation in the united States.
In the same way he referred to the growing geopolitical tensions “and all of this has implications on the global economy and financial markets.”
The chinese official noted that the discussions of this Friday alluded to the efforts to combat money laundering, in particular the one directed at terrorism, and therefore we will continue to work in areas such as remittances, as this is a potential instrument of this illicit act.
The member countries of the G-20 are: Germany, Canada, the united States, France, Italy, Japan, United Kingdom and Russia.
in Addition to Saudi Arabia, Argentina, Australia, Brazil, China, South Korea, India, Indonesia, Mexico, south Africa, Turkey and the European Union.
No comments:
Post a Comment