“Yet uncertainties lie ahead of us”,- RBI Governor Shaktikanta Das said upon G20 nations to resolutely address the challenges
RBI Governor Shaktikanta Das on Friday said upon G20 nations to resolutely address the challenges. Challenges like threats to financial stability and debt distress confront the global economy.
While Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, the RBI Governor said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession, “yet uncertainties lie ahead of us.”
“Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as a threat to financial stability, debt distress, climate finance, fractures in global trade, and strains on global value chains. We must promote greater global economic cooperation and position the global economy on a trajectory of strong sustainable balanced and inclusive growth,” Das said.