The G20 concludes. We don't step into dealing with trade frictions and share concerns about growth downswing Oct. 19 12:48
The G20 Finance Ministers and Central Bank Governors' Meeting in Washington has finished the two-day debate, and the global economy has not grown in detail as to how to deal with risks to trade friction in the United States and China. We shared our concerns about the downside and closed it.
The G20 Finance Ministers and Central Bank Governors' Meeting in Washington lasted two days before the 19th.
At this meeting, as the trade friction between the United States and China prolongs, the global economy agrees that trade and investment are declining and growth is declining. There were many voices of concern.
At the press conference, the deputy prime minister and finance minister Aso, who chaired the meeting, said, “The G20 will mobilize all policy measures to achieve balanced economic growth.”
However, I did not go into any concrete steps on how G20 will deal with risks such as trade friction.
On the other hand, at this meeting, encryption assets such as “Libra” that US Facebook plans to issue next year will be discussed for the first time as G20, and there is a risk of being misused for crime and the risk of leaking personal information. Agreed that the service should not be started before it is ready.
Although the G20 has kept pace with new technologies that affect the global monetary system in this way, the role of the G20 continues to determine how to cooperate in matters such as trade conflicts where the interests of each country are intensely opposed. Will be asked.