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Wed Oct 10, 2018, 11:35 PM

World Bank head says trade tensions could worsen poverty

Source: Associated Press


Elaine Kurtenbach, Ap Business Editor
Updated 9:35 pm CDT, Wednesday, October 10, 2018

NUSA DUA, Indonesia (AP) Escalating trade tensions between the U.S. and China could undo global progress in helping end extreme poverty, World Bank President Jim Yong Kim said Thursday at the outset of bank's annual meeting with the International Monetary Fund and other financial institutions.

Threats to growth and the trade that helps drive it are overshadowing the gathering of finance officials, central bankers and other leaders on the Indonesian island of Bali, a tropical tourist destination that reflects Indonesia's own rapid development over the past three decades.

Kim joined IMF chief Christine Lagarde and others in warning of the risks to world growth and economic development from threats to world trade after the U.S. imposed tariffs on tens of millions of dollars of Chinese exports and Beijing responded with similar retaliatory taxes on imports of U.S. goods.

"We're very concerned about trade tensions," Kim said. "Trade is very critical because that is what has lifted people out of extreme poverty.

Read more: https://www.chron.com/news/world/article/World-Bank-head-says-trade-tensions-could-worsen-13297955.php

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Reply World Bank head says trade tensions could worsen poverty (Original post)
Judi Lynn Wednesday OP
lastlib Wednesday #1
democratisphere Wednesday #2

Response to Judi Lynn (Original post)

Wed Oct 10, 2018, 11:39 PM

1. tRumpDon'tCare............ eom

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Response to Judi Lynn (Original post)

Wed Oct 10, 2018, 11:42 PM

2. Isn't that what drumpf is all about.

Rob from the poor and middle classes to provide even more to the rich and wealthiest.
mission accomplished.

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