- Title: World finance leaders gather for class photo
- Date: 7th October 2016
- Summary: WASHINGTON, D.C., UNITED STATES (OCTOBER 6, 2016) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** FINANCE LEADERS GATHERING FOR CLASS PHOTO WORLD BANK PRESIDENT JIM YONG KIM IMF MANAGING DIRECTOR CHRISTINE LAGARDE CHINA MINISTER OF FINANCE LOU JIWEI U.S. SECRETARY OF TREASURY JACK LEW GERMAN FINANCE MINISTER WOLFGANG SCHAUBLE SITTING NEXT TO JIWEI ZOOM OUT FROM U.S. FEDERAL RESERVE CHAIR JANET YELLEN AND ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) SECRETARY-GENERAL JOSE ANGEL GURRIA PRESIDENT OF DEUTSCHE BUNDESBANK JENS WEIDMANN AND SCHAUBLE CLASS PHOTO
- Embargoed: 22nd October 2016 01:43
- Keywords: IMF. G20 finance ministers
- Location: WASHINGTON, D.C., UNITED STATES
- City: WASHINGTON, D.C., UNITED STATES
- Country: USA
- Topics: G20
- Reuters ID: LVA00152VE0CN
- Aspect Ratio: 16:9
- Story Text: World finance leaders on Thursday (October 6) decried a growing populist backlash against globalization and pledged to take steps to ensure trade and economic integration benefited more people currently left behind.
Their comments at the start of the International Monetary Fund and World Bank fall meetings signalled frustration with persistently low growth rates and the surge of public anger over free trade and other pillars of the global economic stem.
The meetings are the first since Britain voted in June to leave the European Union and U.S. billionaire Donald Trump secured the Republican presidential nomination with a campaign that attacked trade deals.
German Finance Minister Wolfgang Schaeuble said Germany was trying to "hold Europe together" in the face of rising nationalism, and failure to do so would bode poorly for global economic cooperation.
Last week, the World Trade Organization slashed its global trade volume growth forecast to the slowest pace since 2007, saying it expected it to rise just 1.7 percent this year, down from the 2.8 percent it forecast in April.
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