CAPE TOWN (SOUTH AFRICA) (ITALPRESS) – “The global economy faces slow growth, low productivity and risks from high debt in many emerging markets, climate change and demographics. These scenarios are exacerbated by the Russian invasion of Ukraine, with possible increases in commodity prices and rising geopolitical and trade tensions.” This is how Economy Minister Giancarlo Giorgetti spoke at the G20 session dedicated to strengthening cooperation for macroeconomic growth. “Protectionism, barriers to trade and political uncertainty,” Giorgetti says, “threaten growth and global value chains, raising production costs and inflation and weakening economic resilience.According to the minister, “policy should balance support for growth and fiscal sustainability, prioritizing spending efficiency and directing resources toward high-impact investments. “As G20, Giorgetti concludes, “we must continue to monitor economic risks and structural changes, promoting dialogue on these issues in line with the priorities proposed by the presidency.”
– IPA Agency Photos –
(ITALPRESS).
