This is clear from the draft of the final declaration of the meeting of finance ministers from the group of the world’s major economies, which is later on Tuesday officially presented.
The statement marks the Ministers that economic growth remains unbalanced, while international trade grow slowly.
The group of twenty leading economies promises to take action to prevent a permanent economic stagnation. In addition, the sharp fall in oil prices may provide some relief.
Greece is not mentioned in the statement. The uncertain future of the country played by those involved, however, an important part in the meetings in Istanbul in recent days.
In addition to the direct threat of the Greek debt drama was a lot of attention to the divergent monetary policy in the United States and the eurozone and Japan on the other side. The US Federal Reserve has incentives phased out last year and soon plans to raise interest rates.
The European Central Bank and the Bank of Japan perform combat low inflation and weak economic growth will only further on.
That has helped to ensure that the dollar’s recent strong convalesced compared to the euro and the yen. This reduces the competitiveness of the US because US products less attractive markets where is settled in currencies other than the dollar.
US Secretary Jack Lew called on countries in that regard their currency not to deploy struggle as a means to stimulate exports
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