Economics
Trade Tensions Threaten Global Economic Growth, G-20 Cautions
- Global economy is less synchronized than it was in March
- Pledge to refrain from currency devaluation removed from text
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Trade tensions threaten global growth as the engines of leading economies fall out of sync, the world’s top finance chiefs warned on Sunday.
Global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased, finance ministers and central bankers from the Group of 20 nations said in a statement published at the end of their two-day summit in Buenos Aires.