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New considerations for China’s 2016 G20 Presidency

dc.contributor.authorTristram Sainsbury
dc.contributor.authorDavid Dollar
dc.contributor.authorNicolas Véron
dc.contributor.authorHannah Wurf
dc.description.abstractThe macroeconomic outlook that economic policymakers face remains highly challenging. The global economy is seemingly rooted in a perpetual low growth, high unemployment path, facing mounting risks and persistent vulnerabilities. Financial risks have abated somewhat in recent months, but major countries still face daunting policy challenges, and the direction of revisions to economic forecasts continue to be downwards. We are, in the words of Larry Summers, one major adverse shock from a global recession. At the same time, policy space is smaller than it was before the global financial crisis. Meetings are not being convened under crisis settings, but sovereign debt levels are higher, governments around the world are struggling to convince of the merits of structural reform, and although the potential for additional monetary policy stimulus has not been exhausted, there are growing concerns about the role that monetary policy is able to play. There is broad agreement that all three policy tools — monetary, fiscal and structural — are needed if the G20 is to achieve its goals of strong, sustainable, and balanced growth.
dc.publisherLowy Institute For International Policy
dc.titleNew considerations for China’s 2016 G20 Presidency
dc.subject.expertMacroeconomic Analysis
dc.subject.expertPerformance Evaluation
dc.subject.expertImpact Evaluation
dc.subject.adbEconomic indicators
dc.subject.adbGrowth models
dc.subject.adbGross domestic product
dc.subject.adbEconomic forecast
dc.subject.naturalEconomic development projects
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.title.seriesG20 Monitor
dc.title.volumeNo. 20
dc.contributor.imprintLowy Institute For International Policy
oar.themeLabor Migration
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.authorSainsbury, Tristram
oar.authorDollar, David
oar.authorVéron, Nicolas
oar.authorWurf, Hannah

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