According to the latest reports on July 9th, the Global Finance chiefs are likely to put their most collaborative effort yet to readdress the global economic order in the period after Donald Trump and the Covid-19 pandemic.
As trade disruptions are no longer afflicting the group of 20 economies in the way they did at the time of former US president’s tenure, the first in-person meetings of its finance ministers since the pandemic struck last year will endeavor to produce agreement on incomplete business ranging from climate change to corporate taxation.
Alongside those difficulties, the July 9-10 gatherings is probably going to assess a deficient worldwide recovery, clouded by the continuing threats of difficulties from new variants of the virus. That may shift focus on the requirements for on-going fiscal efforts to aid development, amid increasing inflation concerns and oil prices that remain raised following this week’s breakdown in OPEC talks.
According to Rosamaria Bitetti, an economist at Luiss University in Rome, “The worldwide economies are operating together again. This is a great chance for the G-20 to give a thought to the fact that this pandemic showed that in our interconnected world, issues are worldwide and should be resolved together, abandoning patriotism."
Read more: https://www.emeriobanque.com/news/g-20-set-to-redefine-world-economic-order-post-trump-pandemic
