Manufacturing output is contracting worldwide, driven by a slowdown in Europe, the US, China and Japan. Trading activity is also falling, as Mr Trump and China increase their share tariffs on each other. The German economy disappeared in the spring.
The trade in trade boosts business confidence, capital investment and hiring in large economies. Morgan Stanley researchers said this week that global growth is expected to fall at the end of the year to the lowest levels since the 2008 financial crisis ended. Central banks around the world, including the Federal Reserve, are in the world. cutting interest rates or signaling plans to inject more incentives into their monetary policy economies.
Mr Trump is often in fear of other countries' economic pledges, treating them as competitors for a limited amount of prosperity around the world. He criticized the Fed, including Friday morning, without cutting rates more proactively to meet low European rates.
But economists warn that Mr Trump is wrong to dismiss the American economy from its trade war. Trade in American growth plays a lesser role than in many other rich countries, but several administrative officers cited indicators last year to show an American “boom” economy that has deteriorated, including dipping business investment and delay output in the factory. .
“I don't think the US can be an island where there is strong growth and that the rest of the world is at concentration,” Mr Rajan said.
Mr Macron, as a host of this year's G7 meeting, is not counting on the US as a constructive part of other discussions. He invited several African nation leaders to be part of sessions on the challenges facing that continent. And the leaders of India, Australia, Chile and Spain will take part in environmental discussions, terrorism, nuclear weapons and other issues.
French officials admitted that there is no hope that Mr Trump goes to the group to express his concern about climate change despite news that the Amazon's rain forests could be an environmental crisis. accelerate the planet. Some of the statements say that diplomats from the seven countries have been prepared in advance at the end of the summit, an official from the European Union, including a document on the partnership between African nations and the G7 countries and one on biodiversity.