TokyoTokyo Mon - Fri 10:00-18:00 +81 (366) 701-751

G-20: A beacon of hope amid a global recession

Mount Equity Group Tokyo Japan > News > Markets > G-20: A beacon of hope amid a global recession

November 8, 2022

JAKARTA – The world is facing unrelenting problems. Still reeling from the crisis caused by the COVID-19 pandemic, the global economy is again faced with no less serious challenges — the Russia-Ukraine war, which caused food and energy supply disruptions, and high inflation.

At the fourth high-level meeting of the Finance Ministers and Central Bank Governors of the Group of 20 (G20) members (4th FMCB) that was held on Oct. 12-13 in Washington DC, Finance Minister Sri Mulyani Indrawati described a world that is not doing well. The global economic situation is predicted to face even more challenging conditions ahead.

In fact, the IMF has forecast a potential global recession that countries need to be aware of. The signs can be seen in a skyrocketing inflation rate, weaker growth, increasing difficulty in obtaining energy and food commodities through trade between nations,…

Read more…