G20 financial leaders predict a 'soft landing' for the global economy, but warn of risks from wars and escalating conflicts.
G20 financial leaders predict a 'soft landing' for the global economy, but warn that wars and escalating conflicts could endanger this outlook. The Group of 20 major economies' finance ministers and central bankers, meeting in Brazil, also pledged to resist protectionism in trade and emphasized the need to reduce economic inequalities. According to the World Bank, the global economy is projected to avoid a third consecutive decline in growth, with 2024 growth stabilizing at 2.6%, but overall output will remain below pre-pandemic levels through 2026.
July 26, 2024
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