Finance Chiefs to Consider World Order After Trump-Xi Reset
View original at finance.yahoo.comFinance Chiefs to Consider World Order After Trump-Xi Reset (Bloomberg) -- The lopsided foundations of world growth will command the attention of global finance ministers this week in the aftermath of the summit that attempted to reset trade ties between the two biggest economies…
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China agreed with the US to lower levies on some products to promote bilateral trade, underscoring that ties between the world's two largest economies are further stabilizing.
60% confidenceThe G7 is a rare forum where Europeans and the US can still have meaningful discussions.
60% confidenceG7 diagnosis can help start a collaborative strategy, but no one expects a G7 statement condemning global imbalances to be enthusiastically adopted by China leading to agreed solutions; however, having solutions on the table is useful.
60% confidenceEconomists see the seeds of a more systemic crisis without a concerted effort to re-balance financial and trade flows.
60% confidenceThe G20's nebulous divisions may already herald its end.
60% confidenceFrench officials warn that failure to get beyond short-term issues and grapple with deeper structural mismatches means tensions will only build.
60% confidence
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