G20

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America

In a Development Policy Seminar held in New York yesterday, Nicolas Véron, Senior Fellow at Bruegel in Brussels and Visiting Fellow from the Peterson Institute for International Economics, argued that the effectiveness of post-crisis reforms in financial regulation in making global finance more stable is not so far proven. In his presentation, he showed that unintended consequences of the reforms are appearing gradually, even as their initial implementation is still unfinished. In his view, the G20 has established neither an adequate institutional infrastructure nor a consistent policy vision for a globally integrated financial system. This shortcoming justifies increasing concerns about economically harmful market fragmentation. One key aim, according to Véron, should be to make international regulatory bodies more representative of the rapidly-changing geography of global finance, not only in terms of their membership but also of their leadership and location.

September 2013 Summary: BRICS establish anti-crisis facility Western Europe exits recession Growth in emerging markets remains uneven amid structural issues and tightening external financing conditions During the G20 summit, the countries of the BRICS ...

November 2011 Summary: EU leaders agree to scale up measures to solve the simmering debt crisis, but hurdles remain Unemployment in developed economies still high and lasting longer Is the G20 falling behind the curve? In late October, European leaders ...

October 2011 Summary: Equity markets worldwide plunged Euro area dollar liquidity dries up in the midst of Europe’s sovereign debt crisis G20 finance ministers maintain focus on fiscal consolidation Stock markets worldwide ended September with the larg ...

March 2011 Summary: International oil prices increased further amidst continued unrest in the Middle East Food prices reached new record highs, pushing up inflation worldwide As this went to press, a devastating earthquake in Japan occurred, causing th ...

July 2010 Summary: Global growth may decelerate in the second half of 2010, as the effects of both the upward inventory adjustment and fiscal stimuli fade G20 leaders agreed to ensure a full return to growth with quality jobs, to reform and strengthen ...

October 2009 Summary: The global recovery remains fragile and requires sustained policy support, as agreed by G20 leaders at the Pittsburgh Summit. The recovery in some Asian economies has lost some of its momentum, as reflected in weaker exports and i ...

April 2009 Summary: Unemployment, trade and capacity utilization face sharpest deterioration since World War II Widening gaps in external financing for developing countries call for large international transfers G20 reaches agreement on provision of $1 ...