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Finance ministers and central bankers of the world's major economies meeting in Argentina declared that trade and geopolitical tensions pose a growing risk to global growth and have called for more dialogue, according to a draft declaration of the meeting.
The paper, which is still subject to possible revisions, also pointed out that emerging market economies are better prepared to adjust to external shocks but are still facing difficulties due to high volatility. markets and capital outflows.
"World economic growth persists and unemployment is at its lowest level in a decade, but growth has been less synchronized recently and the risks of a slowdown in the short and medium term have increased," the project said.
"They include growing financial vulnerabilities, trade tensions and growing geopolitical tensions, global imbalances, inequities and structurally weak growth, particularly in some advanced economies," he said.
The paper stresses the need for structural reforms to enhance the potential expansion of economies and reaffirms the commitments of the March meeting of the G20 Finance Ministers to refrain from competitive devaluations that could have adverse effects. negative effects on global financial stability.
Ministers held the conclusions of the G20 leaders at their last summit last July, when they stressed that trade was a driver of global growth and reaffirmed the Importance of multilateral trade agreements
"We recognize the need to broaden the dialogue and actions to mitigate risks and increase confidence," the statement said. "We are working to strengthen the contribution of trade to our economies," he said.
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