Japan PM Abe: Downside risks to global economy prevail

Japan’s Prime Minister Shinzo Abe is crossing the wires while speaking at the global leaders’ G20 summit at home. The host cited downside risks to the global economy but remained positive for future developments.

Key Notes:

• Downside risks to global economy prevail.
• Global economy is showing signs of stabilizing, expected to turn up gradually from later this year to next year.
• Tensions over trade and geopolitical risks are increasing.
• G20 responsible for taking necessary steps to respond to downside risks, wants to share resolve to use all policy tools to achieve growth.
• Trade restriction measures do not help anyone, deeply concerned by the global trade situation.
• G20 must deliver a strong message to support free, fair and indiscriminate trade