Arab Today, arab today g20 meeting discusses world economy
Last Updated : GMT 18:52:27
Arab Today, arab today
Arab Today, arab today

G20 meeting discusses world economy

Arab Today, arab today

Arab Today, arab today G20 meeting discusses world economy

G20 meeting
Istanbul - QNA

Finance ministers and central bank chiefs from the Group of 20 major countries have discussed the world economy and its outlook during the first day of talks in Istanbul.
The G20 leaders confirmed they would closely monitor the effects of monetary easing in Europe and emerging countries on the real economy.
The meeting of finance ministers and central bankers in Istanbul comes as Greece casts a new shadow over Europe, cheap oil plays havoc with inflation and growth forecasts and a strengthening dollar threatens emerging economies.
The finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which appears increasingly reliant on the United States for growth.
Turkish Deputy Prime Minister Ali Babacan said that Turkey - G20 chair for 2015 - preferred to set binding national investment targets and that the idea was under discussion. But it appeared to be struggling to win support.
"It would be quite complicated and a bit theoretical," French Finance Minister Michel Sapin told reporters. "I am pushing for a global objective. Europe can set its own target and deliver on it, but I don't support precise objectives for everyone else." A G20 source said the idea had already been taken off the table.
US Treasury Secretary Jack Lew said last week the United States could not be "the sole engine of growth" and a senior US official said Washington's message would again be that Europe is not doing enough.
Germany, with its hefty current account surplus, has come under pressure at successive G20 meetings to spend more.
Berlin has rejected that suggestion in the past and is likely to argue that its rising domestic demand and plans to increase investment, largely through the private sector, shows it is doing what it can, according to European sources familiar with the G20 agenda.
G20 leaders agreed measures last year to raise their collective gross domestic product growth by an additional 2 percentage points over the next five years above the level projected in 2013.
The pledge, called the Brisbane Action Plan, entails about 1,000 commitments, now likely to be slimmed down to a more manageable number for each country to deliver on.
Coming good on those pledges could add more than $2 trillion to the global economy and create millions of new jobs over the next four years, International Monetary Fund chief Christine Lagarde said in a blog post.
 Meanwhile, the new Greek government's refusal to extend an EU/IMF bailout and instead seek a new deal that ends austerity and restructures its debt cast a long shadow at the meeting.
German Finance Minister Wolfgang Schaeuble suggested he was worried about the financial market impact if the new Greek leftist leader, Alexis Tsipras, carried out his threat to exit Greece's international bailout agreement.
Canadian Finance Minister Joe Oliver said there had to be compromise.
The G20 put together a stimulus package that pulled the world back from the brink in 2009 but today's challenge is more delicate, with diverging monetary policies a cause of global turbulence.
The US Federal Reserve looks set to raise interest rates this year, a stark contrast to huge money printing programs by the European Central Bank and Bank of Japan and impromptu rate cuts from India to Australia, Canada to Denmark. China's giant economy is also slowing.
Bank of Japan Governor Haruhiko Kuroda told reporters the slide in global oil prices was a benefit for the world economy and the recent weakness of the yen was not a problem.
The Organisation for Economic Cooperation and Development said structural reforms had slowed over the past two years.
G20 nations must focus on higher labor productivity and become more competitive and innovative if they want to boost growth, the OECD said in a report prepared for the meeting.
Bank of England Governor Mark Carney urged the G20 to mount a "big push" to implement global regulatory reforms, fearing that governments may be tiring of non-stop rule-making since the financial crisis six years ago.
Carney was speaking as head of the Financial Stability Board which, since Lehman Brothers crashed in September 2008, has coordinated a raft of new banking and markets rules to make the financial system more resilient.

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 g20 meeting discusses world economy Arab Today, arab today g20 meeting discusses world economy

 



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 g20 meeting discusses world economy Arab Today, arab today g20 meeting discusses world economy

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
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 Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
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 Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

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 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

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 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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