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Global growth slowing, modest drag on U.S. - Treasury's Mnuchin

Global growth slowing, modest drag on U.S. - Treasury's Mnuchin
Secretary of the Treasury Steven Mnuchin answers questions from the press in Washington, U.S., September 12, 2019. REUTERS/Sarah Silbiger/Files -
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SARAH SILBIGER(Reuters)
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RIYADH (Reuters) – Global growth is slowing and has modestly impacted the United States, U.S. Treasury Secretary Steven Mnuchin said on Wednesday, adding the U.S. 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 U.S. 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.

(Reporting by David Lawder and Stephen Kalin; Writing by Tuqa Khalid; editing by John Stonestreet)

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