G20 warns against protectionism
Finance ministers and central bankers commit to support economy with fiscal and monetary tools
The global economy faces higher risks due to protectionist measures and greater geopolitical tensions, officials say in the final communiqué of the G20 meeting held in Buenos Aires on July 21-22.
“Growth has been less synchronised recently, and downside risks over the short and medium term have increased,” the document says.
Some of the main causes of this deteriorating outlook are “heightened trade and geopolitical tensions”.
Against this backdrop, the 57 delegates – including finance
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