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Al-Jadaan: Global economy resilient but risks rise
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan participated in the G20 meeting in Asheville, where he emphasized that the global economy has demonstrated resilience in the face of shocks. However, it has also become more vulnerable to risks. He highlighted the importance of strengthening economic resilience through diversification of production, stockpiling resources, and maintaining infrastructure with backup capacity. He also stressed the need to achieve strong and sustainable growth by adapting policies according to the economic stage, addressing global imbalances and sovereign debt challenges, with a focus on assessing financing needs and managing debt effectively to enhance global financial stability.
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