The G20 summit has not generated unexpected or significant headlines and, of course, is not a catalyst for a relevant change in the global economic trends. The United States and China have only agreed to postpone tariff increases, but no real trade agreement has been reached.
If we look at the last G20 meeting conclusions, nothing has really improved. Plans to introduce new tariffs are delayed, and the result is exactly what happened in the previous G20. The real news is the evidence of a manufacturing recession. Continue reading Forget the G20, global manufacturing recession is here
Facing the evidence of sluggish growth, governments are calling for massive infrastructure plans as the answer to a weak economy and a way of boosting growth. However, the reality of most large government infrastrcuture plans is actually more than disappointing. 
Different members of the ECB state that effects of monetary policy on banks’ profitability have been “broadly neutral”. Many also refer to papers defending that banks lend more under a negative rate scenario.