As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japans startup city, Fukuoka has flourished in recent decades by embracing trade, innovation, and openness.
That spirit is needed more than ever to help reduce trade tensions and clear other stumbling blocks on the way back to higher and more sustainable growth. The goal must be to help, not stand in the way of global growth.
Signs of stabilization
In April, I described the global economy as being at a delicate moment. The IMF cut its global growth forecast to 3.3 percent in 2019, largely because of temporary, country-specific factors and the tangible effects of trade ten…
Read the full article at: https://blogs.imf.org/2019/06/05/how-to-help-not-hinder-global-growth/