What to expect from the G20 economies by 2020
Over the last few days, the world’s most powerful leaders have met in Hangzhou, China for the G20 summit. Economics has been at the center of discussions as the world economy has looked rather shaky over the last year.
This is the first time that China has hosted the summit, and all eyes are on Beijing and President Xi Jinping who has sought to make a landmark agreement to revive global growth, hoping to keep political tensions out of the discussion, particularly China’s territorial claims in the South China Sea. Promoting innovation and inclusive growth has been on Xi’s agenda, along with strengthening global trade in a context of rising protectionist measures.
Some of the other prominent topics covered at the meeting have been the mounting security risks and global political uncertainties such as consequences of the Brexit vote for the global economy, widespread terrorist attacks around the world and spillover effects from the ongoing conflict in Syria, specifically following Turkey’s intervention there.
The rise of populism is of particular concern to the G20 leaders as some countries seem to be gravitating towards isolationism and against trade. The TPP debate and whether or not the U.S. will ratify the deal, especially as some political leaders in the U.S. are vehemently against such a deal arguing that it will move more jobs out of the U.S., is a topic of discussion to watch.
The summit has also provided a platform for important bilateral meetings to take place. Some of the most important involve the U.S. trying to cut a deal with Russia on Syria; China and Canada discuss their relations; as well as European leaders meeting to try to tackle their economic issues.
Unfortunately, the results and conclusions from meetings such as these all too often represent nothing more than declarations of intent with limited impacy, usually kept vague enough to please all of the parties involved.
Will there be any concrete outcomes emerging from the G20 summit? That remains to be seen. In the meantime have a look at our most recent interactive infographic-chart above to see how the G20 countries’ economies have performed since its creation in 1999.
Date: September 5, 2016
TagsPrecious Metals Commodities Asia Energy Commodities Japan Brazil Gold Economic Growth (GDP) Euro Area Argentina Eastern Europe Oil Australia Panelists Russia precious metals Greece Housing Market oil prices Iran Sub-Saharan Africa Tunisia Nordic Economies Base Metals Commodities MENA Brexit United States UK Unemployment rate Agricultural Commodities Germany Emerging Markets Fed G7 Trade Infographic Exchange Rate Spain Italy USA Forex Portugal South Africa Industrial Metals Commodities Colombia World Bank India European Union Financial Sector Mexico Major Economies Vietnam Africa Venezuela Turkey Consensus Forecast Latin America Commodities Investment IMF Inflation France OPEC China Company News Ukraine Canada Banking Sector
13 minutes ago
13 minutes ago
35 minutes ago
18 hours ago
18 hours ago
- Spain in a global context: developed economy with some challenges
- How much is crime costing Latin America?
- Predictions & Estimates from Economist Daniel Lacalle
- What economy will the new Dutch government inherit?
- “The data is not a true reflection of reality in India” Interview with Société Générale India Economist
- 2017 & 2018 Economic Outlook for the Top Oil Producing Countries
- Which countries will have the highest and lowest inflation in 2017?
- What are the prospects for Emerging Economies in 2017?
- What to expect in Asia for 2017
- Top Economics & Finance Blogs of 2017
- Latam to Resume Moderate Growth in 2017 but Important Risks Plague Outlook
- 4 Key European Elections That Will Impact the Economy in 2017
- How are security concerns and political chaos affecting Turkey’s economy?
- Global growth to edge up in 2017
- Set to breach targets again? Debt and deficit outlooks for Southern European Eurozone countries in 2016 & 2017
- What does Donald Trump mean for the U.S. economy?
- How will emerging markets perform in 2017?
- The economic impact of a break in U.S.-Philippines ties
- Trump election: Base metals surge due to infrastructure plan
- 5 updates on the Venezuelan economic crisis
- Canada: When your neighbor’s house is on fire…
- Short-term pain before long-term gain? A look at French labor reform and economic growth
- Asia: Unremarkable growth & unfulfilled promises?
- How India's latest monsoon is affecting the economy
- Russian economy update in wake of OPEC deal announcement
- Innovation in Latin America: Potential Goes Untapped Due to Weak Economic Conditions
- The Wisdom of the Crowds and the Consensus Forecast
- Can the peso predict the U.S. election results?
- There's no end in sight to the Venezuela crisis
- A Look at the European Union Political Calendar
- Survey of international economists shows uncertainty surrounding elections damaging U.S. growth prospects
- FocusEconomics partners with leading online statistics provider Statista
- China: Recent postive economic data may be papering over the cracks
- Sub-Saharan Africa's 2016 & 2017 growth rates
- The Italian Dilemma: Weak banks pose risk to already faltering domestic demand
- How much money do migrants from Latin America send home?
- The U.S.' (Not So) Mysterious Case of the Missing Men
- What to expect from the G20 economies by 2020
- The Pain in Spain: Robust GDP growth cannot mask the persistent structural deficit