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'US posture towards MENA region has negative consequences for growth'

Bahrain News
Sun, 17 Sep 2017
Avinash Saxena

The current US posture towards Middle East and North Africa (MENA) and global institutions has negative consequences for business and regional growth, according to a broad expert consensus at the second International Institute for Strategic Studies Bahrain Bay Forum 2017.

A panel that included Sweden's former prime minister Carl Bildt and US former deputy secretary of state Prof James Steinberg discussed the outlook for trade and the economy in the US, UK, the European Union and key emerging markets amid policy uncertainties, in the first plenary session of the second edition of the forum.

Panellists that also included Chinese Academy of Social Sciences Research Centre for International Finance, Institute of World Economics and Politics Director Prof Gao Haihong and Statoil Global Strategy and Business Development executive vice-president John Knight were also in agreement that populist demands for a protectionist trade agenda and inward-looking economic policy management are driving sweeping changes in the political landscape across the US and Europe.

These global developments, along with recent regional tensions, are set to reshape the future of the trading system and have serious implications for the global and regional economic outlooks, affecting the business environment.

At the same time, policy uncertainty prevails amid changing global macro-economic and financial conditions.

The discussion was moderated by IISS director of geo-economics and strategy Alia Moubayed.

Read the full story in tomorrow's GDN

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