The budget standoff in the U.S. will probably dominate discussions of Group of 20 finance ministers in Washington later this week, a Canadian official said.
The official, who spoke to reporters on condition they not be identified, said a lack of resolution by U.S. lawmakers is a key risk to the global economy in part because it poses risks of disruptions to financial markets including currencies.
An impasse on the U.S. debt ceiling is a bigger issue than the government shutdown, the official said.
Proposed plans by the Federal Reserve to trim its asset-purchase program would probably be good news for the global and Canadian economies because it would signal stronger growth in the U.S., the official said.
bloomberg.com
The official, who spoke to reporters on condition they not be identified, said a lack of resolution by U.S. lawmakers is a key risk to the global economy in part because it poses risks of disruptions to financial markets including currencies.
An impasse on the U.S. debt ceiling is a bigger issue than the government shutdown, the official said.
Proposed plans by the Federal Reserve to trim its asset-purchase program would probably be good news for the global and Canadian economies because it would signal stronger growth in the U.S., the official said.
bloomberg.com
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