By Donna Borak
From the article:
Threats to the global economy that once felt remote are now becoming all too real.
A trade war. Rising US interest rates. Uneven global growth. Ballooning corporate debt.
Those are some of the biggest challenges facing global finance chiefs and central bankers as they arrive this week on the Indonesian island of Bali for an annual summit hosted by the International Monetary Fund and the World Bank.
"Some of the perceived risks are bearing fruit now," said Tom Bernes, a distinguished fellow at the Centre for International Governance Innovation. "We are heading into trouble."
…
Scott Morris, a senior fellow at the Center for Global Development, said Mnuchin's job at the summit will be to provide "closed door assurances" to allies over US trade policy. He's also likely to take some heat publicly.
"We are likely to see a much more forceful voice from the IMF on trade — and collectively they are going to be raising the volume of criticism," Morris said. "That will put some pressure on him to make some response."
Read the full article here.
