{"id":16039,"date":"2012-10-31T20:18:35","date_gmt":"2012-10-31T18:18:35","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-2-g20-told-trade-fdi-vital-to-fight-global-slowdown\/"},"modified":"2012-10-31T20:18:35","modified_gmt":"2012-10-31T18:18:35","slug":"update-2-g20-told-trade-fdi-vital-to-fight-global-slowdown","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-g20-told-trade-fdi-vital-to-fight-global-slowdown\/","title":{"rendered":"UPDATE 2-G20 told trade, FDI vital to fight global slowdown"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Agencies say markets for goods, services must keep open<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* World economy facing strong headwinds, joint report says<\/p>\n<p><span><\/span><\/p>\n<p>* Appeal aimed at G20 meeting in Mexico this week<\/p>\n<p><span><\/span><\/p>\n<p>By Robert Evans<\/p>\n<p><span><\/span><\/p>\n<p>GENEVA, Oct 31 (Reuters) &#8211; The world&#8217;s leading economies<br \/>\nmust revitalise both global trade and investment in developing<br \/>\ncountries to counter a new slowdown in economic growth, three<br \/>\nkey international organisations said on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>In a joint report for the G20 group of countries, the World<br \/>\nTrade Organisation, the OECD and UNCTAD also called on them to<br \/>\nwork together more closely and ensure they keep their markets<br \/>\nopen for each others&#8217; goods and services.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Over the past five months, the global economy has<br \/>\nencountered increasingly strong headwinds,&#8221; the three agencies<br \/>\nsaid, declaring that the outlook was worse than when they issued<br \/>\ntheir last report for the grouping in May.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The world urgently needs a stronger and renewed commitment,<br \/>\nin particular from the G20 economies, to revitalise the<br \/>\nmultilateral trading system which can restore economic certainty<br \/>\nat a time when it is badly needed,&#8221; they said.<\/p>\n<p><span><\/span><\/p>\n<p>Foreign Direct Investment (FDI), which nosedived after the<br \/>\n2008\/9 financial crisis but had been slowly recovering, dropped<br \/>\nagain by 8 per cent in the first half of 2012 versus the first<br \/>\nsix months of 2011, the report said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Agencies say markets for goods, services must keep open * World economy facing strong headwinds, joint report says * Appeal aimed at G20 meeting in Mexico this week By Robert Evans GENEVA, Oct 31 (Reuters) &#8211; The world&#8217;s leading economies must revitalise both global trade and investment in developing countries to counter a new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16039","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16039"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}