Global growth slowing, modest drag on U.S., says Treasury's Mnuchin

Global growth slowing, modest drag on U.S., says Treasury's Mnuchin
  • Clock-gray 16:19
  • calendar-gray 30 October 2019

Global growth is slowing and has modestly impacted the United States, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, adding the U.S. economy remained strong with good capital inflows, APA reports citing Reuters.

“There is no question that the global economy is slowing down and that has had some modest drag on the U.S. economy,” he said at an investment conference in the Saudi capital Riyadh.

Mnuchin also said Europe needed to do more on the fiscal and regulatory side to maintain growth.

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