Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UPDATE 1-G7 officials worried about U.S. policies' impact on global growth

Published 2017-05-12, 11:08 a/m
© Reuters.  UPDATE 1-G7 officials worried about U.S. policies' impact on global growth

(Adds quotes)

BARI, Italy, May 12 (Reuters) - G7 finance officials have raised concerns about risks to global growth from the Trump administration's policy proposals including tax reform, a senior U.S. Treasury official said on Friday.

Finance ministers from the United States, Canada, Japan, France, Germany, Italy and Britain, the Group of Seven (G7), are holding two days of talks on the global economy, taxation and terrorist financing in the southern Italian city of Bari.

Speaking to reporters on the sidelines of the meeting, the official said the tax plan and U.S. trade policies were part of discussions about risks to the global economy.

"Some countries have flagged risks along those lines as well as risks that U.S. growth and strengthening U.S. growth will lead to more investment, which could have an impact on exchange rates and could have an impact on the Fed's policy going forward," the official said.

"That's in a positive context, but it could have spillovers to the rest of the world, in terms of both positive and negative," the official said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.