Sri Mulyani dan 3 Menkeu Tulis Artikel soal Ekonomi Kekinian di Koran

Berikut tulisan lengkapnya:

Multilateralism: A pillar of economic stability

 

Since the Bretton Woods system was agreed to more than 70 years ago, nations have been coming together in pursuit of global public goods. These efforts have given us the international trading system and the global financial safety net. This is multilateralism in action, and it has been a pillar of our shared success.

 

The free flow of trade, investment and ideas has helped to lift more people out of poverty than ever before. Prosperous and growing middle classes are broadening opportunities for the exchange of goods, services and innovation across the world.

 

The multilateral system provides economic and political security to allow both big and small countries to fulfill their tremendous potential.

 

As beneficiaries of this system, we have a responsibility to safeguard the institutions that have led to our shared economic success. We need to work together to forge consensus on pressing global challenges.

 

At this moment, rising trade tensions are a serious concern. While we acknowledge that there are legitimate issues that must be addressed, the risks of collateral damage are growing.

 

Uncertainty over the outlook is contributing to a slowdown in trade and manufacturing activity. We have seen a return of financial market volatility, currency instability and decreased capital flows to emerging economies. Dampened global trade conditions are affecting investor confidence, business investment and productivity. Growth has slowed and risks remain tilted to the downside. The World Bank and the International Monetary Fund continue to revise down their economic growth forecasts.