Global economy ‘grim’ and G20 must step up to fix it: China
The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China’s trade minister Gao Hucheng said on Saturday (July 9). Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a slow-growing global economy now beset by post-Brexit reverberations. The global...
Global economy is a house of cards
Author: Paul Craig Roberts While G7 leaders debate global economic risks, Paul Craig Roberts, American economist and journalist describes the real situation: The US economy is very poor. The only jobs that the economy has been able to create for at least a decade, are lowly-paid domestic service jobs: waitresses, bartenders, retail clerks, sales clerks…The manufacturing jobs continue to decline, the professional service jobs...
China hits back as G7 focuses on global economy
World leaders focused on Thursday on pumping up the global economy and worries over the growing clout of China – which promptly told the G7 club of rich nations to mind its own business. Presidents and prime ministers from the Group of Seven huddled in Japan for two days of meetings, with the refugee crisis, terrorism, the threat of North Korea and sanctions against Russia also filling up their packed agenda. But China’s...
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