Arab Today, arab today interest rates rises could thwart g20 growth goal
Last Updated : GMT 02:01:57
Arab Today, arab today
Arab Today, arab today

Interest rates rises could thwart G20 growth goal

Arab Today, arab today

Arab Today, arab today Interest rates rises could thwart G20 growth goal

Christine Lagarde
Sydney - AFP

The G20's pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said, as chief Christine Lagarde warned Thursday of "slow" progress in reaching the goal.
Lagarde said there was uncertainty over whether the group of 20 leading economies had the will to meet their two percent additional growth target, which they agreed to at a meeting of finance ministers in February in Sydney.
"I am not going to point the finger at any of the members but ... it has been slow in the making that's for sure," the International Monetary Fund's managing director told The Australian Financial Review.
"There is a lot of pressure on finance ministers to come up with actual measures."
The IMF said in its report that changing growth patterns could slow global growth by as much as 2.0 percent -- the same figure the G20 countries had vowed to lift their economies by over the next five years.
Interest rates were expected to rise in advanced nations, particularly the United States and Britain, as they see improving economic growth, the Fund said.
Emerging market nations are also "slowing in a synchronised and protracted manner", and the two risks when combined could "be damaging for the global economy -- lowering output by about 2.0 percent", it added.
Despite doubts the G20 target would be reached, Lagarde said the push by Australia -- which assumed the group's presidency this year -- to place growth and infrastructure investment at the centre of all the economic grouping's meetings was laudable.
"If it's conducted on a synchronised basis and in consultation with each other, then the output from the structural reforms will be a lot better and bigger," she said.
Australian Trade Minister Andrew Robb said at a G20 trade ministers' meeting in Sydney this month that there was "still quite a lot of room" for countries to undertake more measures to boost growth.
Robb said his G20 counterparts reaffirmed their commitment to free trade as the central driver of growth during the day-long meeting, which came ahead of the leaders' summit in Brisbane in November.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today interest rates rises could thwart g20 growth goal Arab Today, arab today interest rates rises could thwart g20 growth goal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today interest rates rises could thwart g20 growth goal Arab Today, arab today interest rates rises could thwart g20 growth goal

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday