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Trade, Debt Seen as Threats to Global Growth in IMF Communique
The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based” expansion at the moment, according to a statement from world finance ministers and central bankers. “Risks are broadly balanced in the near term, but remain skewed to the downside beyond the next several quarters,” according to a communique by the IMF’s main advisory committee, released Saturday in Washington. “Rising financial vulnerabilities, increasing trade and geopolitical tensions, and historically high global debt threaten global growth prospects.” The ... (full story)