Global Investment to Plunge, Trade to Languish, on “Depressed” Demand: G-20 Trade Ministers

by Wolf Richter
Wolf Street

What China said the G-20 projected at the Shanghai meeting.

Facing “depressed market demand” and plunging global cross-border investment, the trade ministers of the G-20 countries along with folks from the IMF, the Organization for Economic Cooperation and Development, and the World Trade Organization, among others, met in Shanghai this weekend to hash out a plan.

As at all these meetings, they reached an agreement, of sorts. The G-20 countries account for about 85% of global trade and 70% of global investment, so they matter.

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