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IMF Managing Director Christine Lagarde "title = "christine-lagarde-15set-original.jpeg" />
Lagarde said that the IMF's badessment only takes into account measures already announced (Kevin Lamarque / Reuters / VEJA) AFP [19659004] access date
21-Jul-2018, 23:20
"In the worst case, the (trade) measures presently could have an impact of 0, 5 point (down) on Global GDP "by 2020, said Lagarde at a joint press conference with Argentine Finance Minister Nicolás Dujovne, whose country holds the rotating presidency of the group.
Before the start of the financial deliberations of the G20, which brings together the Ministers of the Economy and the Presidents of Finance and Central Banks The IMF still expects a solid growth of 3.9% on the Year, and the IMF is still expecting robust growth of 3.9% over the year. the global economy in 2019, but warned against the negative impact of US and reciprocal tariff measures in China, the European Union, Canada and Mexico.
G20 Economic Policy Leaders, Composed of Rich, Developing Countries Brazil, Argentina, Mexico and India Discuss Mechanisms to Address Potential Increasing Potential Tensions 39 world economy and strengthen the protection of multilateralism embodied by a stalled World Trade Organization (WTO).
Eduardo Guardia, told reporters that the debate on "threats to the economic horizon" was "recurrent". He cited "the normalization of monetary policy in the United States and the" trade tensions "that affect economies, especially emerging economies. "
Friday, President Donald Trump threw even more fuel into the trade war China suggests that it is considering taxing all the country's products." I'm ready to hit the 500, "he said. said in an interview with CNBC, citing a total of 505.5 billion dollars of Chinese imports in 2017.
After weeks of seemingly fruitless negotiations, the United States imposed tariffs earlier this month of 25% on the import of Chinese mechanical and technological products.
The measure provoked an immediate reaction from Beijing, which threatened to take equivalent measures.China also accused the United States of triggering " the biggest commercial war of economic history. "
Also, last week, the US government announced that it was drawing up a list of Chinese products worth of dollars a year, which will be subject to new As a result, more than $ 250 billion worth of imported Chinese products are threatened by new trade barriers
Trump has added another difficult issue to an already overloaded G20 agenda. If the Argentine presidency of the group wanted to address issues such as the future of work, infrastructure financing or budget transparency, it should also address the thorny issue of currencies and exchange rates.
"China, European Union and others have manipulated their currencies and interest rates," Trump criticized Friday, complaining about the strength of the dollar that undermines the competitive advantage of his country.
Trump also included the American Federal Reserve) among his detractors, for his policy of monetary tightening that strengthens the dollar. To curb inflation in the world's largest economy, the Fed has raised interest rates seven times since 2015 and sees at least two more increases this year.
This practice increases the cost of money and can have an impact on growth. but at the same time it prevents the overheating of the economy. The withdrawal of the United States from the nuclear deal with Iran, which has had an impact on oil prices, is also affecting the economies of countries like Argentina and Brazil [[]]. 19659022]
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