Political leaders destroy the economy

23 July 2018, 11:26 | Economy
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The roots of the problems of the world economy lie in politics. To such conclusions came the finance ministers and heads of central banks of the G20 countries. At a meeting in Buenos Aires (Argentina), they analyzed the current state of economic development and recent trends. The summary is disappointing: despite the apparent growth of the world economy, everything indicates a future crisis. "The risks of a decline in economic growth in the short and medium term have increased," says the final communique of the financial "twenty".

In particular, this is indicated by the increased financial vulnerability of countries, as well as "increased trade and geopolitical tensions, global imbalances, inequality and weak structural growth, including in a number of advanced economies," RT quotes the document. Representatives of the G20 decided to "continue to monitor risks" and do everything to minimize them. Meanwhile, the financial sharks themselves admit that their efforts will lead to nothing, while in the world there will be conditions for the outflow of capital and artificially induced volatility of the markets.




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