US Urges G20 to Focus on Growth
At the G20 meeting in North Carolina, US officials urged finance leaders to prioritize economic growth to tackle rising global debt. Treasury Secretary Scott Bessent emphasized private sector deregulation and addressing trade imbalances.
Insights:
United States officials urged Group of 20 finance leaders on Monday to prioritize economic growth to counter global debt levels that hit a record $353 trillion earlier this year. The push comes as global markets grapple with an energy shock from the Iran conflict and trade tensions over China's $1.2 trillion trade surplus. Investor scrutiny on sovereign debt has intensified, forcing a reappraisal of safe-haven assets.
