G20: trade policy is shifting - ANZ

Ross J Burland FXStreet

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."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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