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G20 finance chiefs express concern over risks from 'intensified' trade conflict

2019-06-10 10:47:01       source:Asahi Shimbun

June 9, 2019


Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.


After fiery negotiations that nearly aborted the issuance of a communique, finance ministers and central bank governors meeting in southern Japan repeated tepid support for a rules-based multilateral trading system.


"Global growth appears to be stabilising and is generally projected to pick up moderately later this year and into 2020," the G20 finance leaders said in a communique issued as the meetings in Fukuoka closed.


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