WASHINGTON ¨C Woken one night by a 6.4 magnitude earthquake at the IMF annual meetings in Bali, global finance chiefs spent the week assessing the tremors now rippling through the world economy.
The quake ¡°was symbolic for the widespread feeling among participants that the ground under the global economy, financial markets and the multilateral trading system has started to shift,¡± Joachim Fels, global economic adviser at Pacific Investment Management Co., said as he left the Indonesian resort.
With a stormier growth outlook and wobbly stock markets, finance ministers and central bankers on the island had plenty to talk about. Indonesian President Joko Widodo went as far as to warn ¡°Winter is coming.¡±
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