Finance officials pledge to combat global economic slowdown
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October 20, 2019
WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown.
The policy-setting committee for the 189-nation International Monetary Fund said in a closing statement that growth should accelerate next year. Officials acknowledged that a range of factors could undermine that forecast, including continued trade fights and increased geopolitical risks.
"We recognize the need...
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