Germany Sees Global Risk Shift to Emerging Economies
This article is for subscribers only.
Germany’s top finance officials said risks to global growth are shifting away from Europe and toward emerging economies, while they expressed confidence that U.S. policy makers will overcome their divide over the budget.
The euro region has left its recession behind and is no longer at the center of attention of crisis-fixing efforts, Bundesbank President Jens Weidmann told reporters in Washington yesterday. Finance Minister Wolfgang Schaeuble, after holding talks with his U.S. counterpart Jacob J. Lew, said he hopes that the budget standoff in the U.S. will be solved in coming days.