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To G20 opening focus on whether trade friction conflicts can be stopped | NHK News

2019-10-17T22:19:20.347Z

G20 = Finance Ministers and Central Bank Governors Meeting in 20 major countries will start in Washington. Trade frictions that have caused the global economy to slow down ...



To the opening of the G20 focus on the conflict of trade friction Focus on October 18 7:10

G20 = Finance Ministers and Central Bank Governors Meeting in 20 major countries will start in Washington. The trade friction that is causing the global economic slowdown is spreading between the United States and Europe in addition to the United States, and the focus will be on stopping the conflict through G20 discussions.

The G20 meeting will be held in a two-day schedule, with Japan serving as the presidency from 8:00 am on the 18th of Japan time.

Prior to the meeting, the IMF announced that the global economy would remain at the slowest growth rate in the last 10 years due to the effects of trade friction between the United States and China.

The first day of the meeting will discuss the current situation of the slowing global economy, but in the afternoon of the 18th of Japan time, high tariffs on agricultural products imported from the EU = European Union as a retaliation for trade disputes over the United States It is a policy to activate measures to add.

Following the trade friction between the United States and China, the United States and Europe will deepen the confrontation, which can be a greater brake for the global economy.

For this reason, the focus will be on whether the G20, established for the stability of the global economy, will be able to stop the situation where discussions deepen through discussions.

In addition, at this meeting, it is expected to exchange opinions on regulations on crypto assets such as Libra, which is planned to be issued by Facebook in the United States, and the impact on the global financial system.

Source: nhk

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