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The 20 most industrialized countries of the world have concluded today in Buenos Aires, Argentina, that global growth "is robust" but threatened "in the short and medium term by increasing trade tensions and geopolitical ". [19659002IntheFinancialissueoftheunionwhichstartedtomedietsandthattheFinallyincorporatehasbeenequallyidecognizedtheneedto"strengthendialogueandactionstolimitrisksandstrengthenconfidence"intheeconomiesofthecountries
in line with statements by Christine Lagarde, Managing Director of the International Monetary Fund (IMF), who had already warned of the impact of the trade war on the economy. global economic growth at the opening of the meeting with G20 Finance Ministers and Central Bankers
The meeting was marked by the decision of US President Donald Trump to strengthen its protectionist policy
The Ministers Finance explained the increase in economic risks in the short and medium term, highlighting "recent financial vulnerabilities, increased trade and geopolitical tensions" and "growth". With protectionism as a major theme, the participants reaffirmed the conclusions of the Hamburg summit last year, when they made a commitment to free trade, stressing that they were working on the contribution of trade to their economies.
On the changes to be made – another of the issues that generated the most friction on the international scene – the G20 countries expressed their intention of "clearly communicating their macroeconomic and structural political policy actions."
reiterated today their commitment
"We will continue to use all tools to support strong, sustainable, balanced and inclusive growth," reads the final communiqué
. With regard to emerging economies, the ministers present stressed that while many of them "are now better prepared to adapt to changing external conditions," they "still face challenges such as volatility. markets and the inversion of capital flows ". 19659002] The G20 emphasized that infrastructure is "one of the pillars of growth and development" and hopes to generate attractive projects for private investors, an area where the group expects to "critical breakthroughs" by the end of the year.
They also claimed that the "broad sharing" of the benefits of technological advances should be assured.
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