What to Watch for: G20 Summit in China

By: Hayden Ward, Intern, Scarbrough International, Ltd.  | June 21, 2016

With the global financial crisis in 2008, leaders around the world have taken charge and developed the G20 Leaders’ Summit. Almost eleven years later after the first summit, it will be held in its new host city of Hangzhou, China with an even larger amount of guests than previous years.

g 20 questionsThe United Nations, the World Bank, and the International Labor Organization are only a few that were invited to attend. G20 will take place on the 4th and 5th of September 2016. This forum’s purpose is to discuss international financial and monetary policies as a world economy.

A big question that they will be focusing on this year is, “What can be done to prevent a global ‘currency war’?” Japan, the European Union, and other countries have let their currencies weaken in order to expand outputs and increase exports. If this strategy does work as planned, this could be extremely beneficial to the world of trading.

Even though it has been a while since the global financial crisis, the commodity markets are in the dumps, leaving the trade market struggling. The G20 will also be discussing on how to boost global growth in order to get us out of this slump we have been facing.