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WorldPosted at: Jan 21 2016 6:15PM


Lew says US committed to economic leadership role

DAVOS, Switzerland, Jan 21 (Reuters) The United States is committed to playing a global economic leadership role by its commitment to the IMF, US Treasury Secretary Jack Lew said today.
Lew told a meeting of global business leaders in Switzerland that headwinds had led to a "not strong enough global economy" but also said that lower oil prices were a tax cut for consumers. "It (low oil price) doesn't mean it has to be bad overall for the global economy," Lew said in Davos.
He said a slowdown in Chinese economic growth was not a surprise, but the country needed to press ahead with reforms as it went through a "long and difficult transition" to a more consumer driven economy.
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