G20 Economies Face Slow Growth, Trade Tensions

G20 nations face a challenging future with a weak growth outlook of 2.9% by 2030, largely due to protectionism and policy uncertainty. The IMF highlights growing imbalances, strained government budgets, and an aging population. Advanced economies like the US and Japan are expected to grow at 1.4%, while emerging markets like China and India project stronger growth at 3.9%. The G20 meeting in South Africa is missing key leaders, and trade tensions are adding to global economic uncertainty. Inflation remains a concern, with U.S. core inflation not reaching the Feds target until 2027. The IMF urges countries to lower trade barriers and reduce uncertainty. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.