G20 Finance Chiefs Open 2-Day U.S. Talks as Iran War Chokes Global Growth
Updated
Updated · The New York Times · Aug 31
G20 Finance Chiefs Open 2-Day U.S. Talks as Iran War Chokes Global Growth
3 articles · Updated · The New York Times · Aug 31
Summary
Finance ministers and central bankers from the G20 began two days of meetings in Asheville, North Carolina, with inflation high, growth weakening and government budgets under pressure.
The talks are being shaped by the fallout from the U.S. attack on Iran in February, which disrupted oil flows, lifted energy prices and worsened the outlook for the global economy.
Participation disputes have clouded the summit: the Treasury Department did not invite South Africa’s delegation, while officials debated whether Russia would be allowed to attend.
Officials are expected to focus on supply-chain resilience for critical minerals, cross-border investment and debt restructuring as U.S. national debt tops $40 trillion and borrowing-cost fears spread.