Global growth slowing, modest drag on United States: Steven Mnuchin

Reuters
Riyadh Published: Oct 30, 2019, 02:40 PM(IST)

File photo of Steven Mnuchin. Photograph:( Reuters )

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Mnuchin also said Europe needed to do more on the fiscal and regulatory side to maintain growth.

Global growth is slowing and has modestly impacted the United States, US Treasury Secretary Steven Mnuchin said on Wednesday, adding the US economy remained strong with good capital inflows.

"There is no question that the global economy is slowing down and that has had some modest drag on the US economy," he said at an investment conference in the Saudi capital Riyadh.

Mnuchin also said Europe needed to do more on the fiscal and regulatory side to maintain growth.

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