WASHINGTON, Monday- The threat of global economic crisis triggered by U.S. housing sector fall, weakening the U.S. dollar to record the lowest, and the gap will become a global hot topic of the meeting G7 finance ministers, this weekend. The meeting itself will be an event spring meeting the International Monetary Fund (IMF) and World Bank in Washington.
That shook financial markets and the projected global economic consecutive dismal shadow of the previous forum into shore support. IMF akan ensure they cut the projected growth of global economy 50 basis points to be 3.7 percent.
Weakening U.S. dollar and the euro put pressure to the decision-makers to take a significant step in order to cut the gap in the global economy.
In the last month, the Japanese government because they fear the yen menguat to record the highest in 12 years against the U.S. dollar, which hit Japanese exports. After that, the yen weakened gradually reduce the fear and the global market. "To be very important in meeting the re-assertion agreement with volatilitas that the currency is too sharp for dangerous global economy," said Fukushiro Nukaga Menkeu Japan.
Menkeu the G7, which is scheduled to meet on Friday (11 / 4) in Washington, repeatedly affirmed, currency exchange rates should reflect fundamentals and that is too sharp volatilitas unwanted
Menkeu France Christine Lagarde on the proposal to complete the real exchange rate gap and create a financial sector stability. G7 - the United Kingdom, Canada, France, Germany, Italy, Japan and the U.S. will be discussed, especially "the impact of economic shocks on the financial markets and how economic tangguhnya countries in the euro zone (the user euro currency) from the shocks that survive," said an official at the French finance ministry. "Apparently, there is agreement on the importance of transparency international (bank) on their portfolio (credit to 'subprime' housing them) and their financial situation," he said
Menkeu U.S., Henry Paulson and former CEO of Goldman Sachs will lead the discussion and the cause of financial market shocks kronsekuensi last and how the government and the private sector to respond to this challenge.(kompas.com)
That shook financial markets and the projected global economic consecutive dismal shadow of the previous forum into shore support. IMF akan ensure they cut the projected growth of global economy 50 basis points to be 3.7 percent.
Weakening U.S. dollar and the euro put pressure to the decision-makers to take a significant step in order to cut the gap in the global economy.
In the last month, the Japanese government because they fear the yen menguat to record the highest in 12 years against the U.S. dollar, which hit Japanese exports. After that, the yen weakened gradually reduce the fear and the global market. "To be very important in meeting the re-assertion agreement with volatilitas that the currency is too sharp for dangerous global economy," said Fukushiro Nukaga Menkeu Japan.
Menkeu the G7, which is scheduled to meet on Friday (11 / 4) in Washington, repeatedly affirmed, currency exchange rates should reflect fundamentals and that is too sharp volatilitas unwanted
Menkeu France Christine Lagarde on the proposal to complete the real exchange rate gap and create a financial sector stability. G7 - the United Kingdom, Canada, France, Germany, Italy, Japan and the U.S. will be discussed, especially "the impact of economic shocks on the financial markets and how economic tangguhnya countries in the euro zone (the user euro currency) from the shocks that survive," said an official at the French finance ministry. "Apparently, there is agreement on the importance of transparency international (bank) on their portfolio (credit to 'subprime' housing them) and their financial situation," he said
Menkeu U.S., Henry Paulson and former CEO of Goldman Sachs will lead the discussion and the cause of financial market shocks kronsekuensi last and how the government and the private sector to respond to this challenge.(kompas.com)