So says China's trade minister Gao at the start of G20 trade talks in Shanghai today 9 July 2016
- The global economic recovery remained "complicated and grim"
"Global trade is dithering, international investment has yet to recover to levels before the financial crisis, the global economy has yet to find the propulsion for strong and sustainable growth," said Gao in his opening remarks
"In the current circumstances, the international community expects the G20 to show leadership in resolving the prominent problems we are facing and inject impetus for recovery and growth."
"Complicated and grim", he's got it right there but the big question is what can they, or indeed central banks, do to get anywhere near back on track. Fingers crossed they manage it somehow.
I'm sure our FXL readers will have a few thoughts on the matter to help them?
