***** "Top twenty" looking for a rebalancing of the global economy
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***** "Top twenty" looking for a rebalancing of the global economy
Admin Sat Feb 15, 2014 11:07 am
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Friday, February 15, 2014 10:44
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A U.S. official said that the United States would invite "to promote growth and rebalance the global economy," during the upcoming summit of the Group of Twenty in Sydney, without expressing great concern of volatility, which is currently taking place in some emerging markets.
The official said the U.S. Treasury Department that it "must make a serious discussion about achieving the rebalancing of the global economy."
The U.S. official's comments come a week before a meeting of finance ministers and central bankers of the Group of Twenty, which will be held on 21 and February 22 in Australia.
He welcomed the official improved economy in the world in recent months, "but felt that" global activity remains weak and uneven, "adding," asked little and unemployment is very high.
"And stressed that the U.S. growth, which reached 3.2% in the fourth quarter of last year, it is assumed that witness further improvement.
He said that Europe is experiencing "chronic inflation is low, and demand is weak," especially in "some countries that have a surplus of basic" in the euro zone, implicitly echoing U.S. criticism of Germany because of the trade surplus, which is owned, while internal demand is witnessing a decline.
The official added that the U.S. is fed to rely on export growth "is not the solution for a balanced recovery.
" He also called on China to "strengthen the internal demand and the adoption of market-determined exchange rate."
The U.S. official said that the unrest "big" in the currencies of a number of emerging markets will constitute a "axes" of the discussions.
But he pointed out that these fluctuations caused by the "worried about the growth of China and the weaknesses of the economic and political", rather than to start withdrawing monetary support by the U.S. Federal Reserve.
He said that the world agreed at the Group of Twenty summit in St. Petersburg last September to welcome the loose monetary policy of the Federal Reserve, which supports the growth of the first global economy, and thus the world.
On the other hand, across the U.S. official expressed regret for the delay in the reform of the quota system in the International Monetary Fund, which is supposed to give more weight to emerging countries, and at a standstill because of lack of action by the U.S. Congress.
He said, "We recognize that the continued delay by the United States to adopt this reform a constraint," stressing that the U.S. administration "is fully committed to achieving reform."
http://www.albaghdadia.com/economy/item/26477-2014-02-15-07-50-07
[/ltr]
[/ltr]
Friday, February 15, 2014 10:44
[ltr]
A U.S. official said that the United States would invite "to promote growth and rebalance the global economy," during the upcoming summit of the Group of Twenty in Sydney, without expressing great concern of volatility, which is currently taking place in some emerging markets.
The official said the U.S. Treasury Department that it "must make a serious discussion about achieving the rebalancing of the global economy."
The U.S. official's comments come a week before a meeting of finance ministers and central bankers of the Group of Twenty, which will be held on 21 and February 22 in Australia.
He welcomed the official improved economy in the world in recent months, "but felt that" global activity remains weak and uneven, "adding," asked little and unemployment is very high.
"And stressed that the U.S. growth, which reached 3.2% in the fourth quarter of last year, it is assumed that witness further improvement.
He said that Europe is experiencing "chronic inflation is low, and demand is weak," especially in "some countries that have a surplus of basic" in the euro zone, implicitly echoing U.S. criticism of Germany because of the trade surplus, which is owned, while internal demand is witnessing a decline.
The official added that the U.S. is fed to rely on export growth "is not the solution for a balanced recovery.
" He also called on China to "strengthen the internal demand and the adoption of market-determined exchange rate."
The U.S. official said that the unrest "big" in the currencies of a number of emerging markets will constitute a "axes" of the discussions.
But he pointed out that these fluctuations caused by the "worried about the growth of China and the weaknesses of the economic and political", rather than to start withdrawing monetary support by the U.S. Federal Reserve.
He said that the world agreed at the Group of Twenty summit in St. Petersburg last September to welcome the loose monetary policy of the Federal Reserve, which supports the growth of the first global economy, and thus the world.
On the other hand, across the U.S. official expressed regret for the delay in the reform of the quota system in the International Monetary Fund, which is supposed to give more weight to emerging countries, and at a standstill because of lack of action by the U.S. Congress.
He said, "We recognize that the continued delay by the United States to adopt this reform a constraint," stressing that the U.S. administration "is fully committed to achieving reform."
http://www.albaghdadia.com/economy/item/26477-2014-02-15-07-50-07
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Similar topics» Global economy
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» Integration with the global economy
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