G20: trade policy is shifting - ANZ
|Analysts at ANZ explained the G20 communique over the weekend suggested that trade policy is shifting.
Key Quotes:
"“Working to strengthen the contribution of trade to our economies” was added and “avoid all forms of protectionism” was omitted.
This bears watching given a streamlined global supply chain and the lowering of barriers has been a key driver of productivity growth and earnings.
The group also reiterated its stance against competitive devaluations and disorderly FX markets."
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