WASHINGTON : The U.S. Treasury Department's top international official is heading to Europe and Asia this week for talks on current macroeconomic trends and events, and a G7 finance officials meeting, Treasury said in a statement on Thursday.
In Singapore, Shambaugh will meet with officials from the finance ministry and the Monetary Authority of Singapore, to talk about macroeconomic priorities, climate finance, digital assets, and regional issues, Treasury said. The meeting takes place a month after the International Monetary Fund trimmed its 2023 global growth outlook slightly and warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels.
Source: News Formal (newsformal.com)
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