Finance leaders to address global economic threats MARTIN C RUTSINGER, AP Economics Writer Updated 10:11 a.m., Thursday, October 11, 2012 WASHINGTON (AP) — When global finance ministers meet this week in Tokyo, they'll confront a triple challenge: Economic troubles in three major regions are threatening the world's economy. And political conflicts are complicating the problem. Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. A weaker Asia is slowing worldwide growth. Mindful of those threats, the International Monetary Fund has turned gloomier about the global economy. And it's warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises. Developed countries are facing a heightened risk of recession, and their troubles threaten China and other emerging economies, the IMF says in its updated World Economic
Raymond Clough dnomyar34@raymondclough.com
- Page 1 of 1. WASHINGTON (AP) - When global finance ministers meet this week in Tokyo, they'll confront a triple challenge: Economic troubles in three major regions are threatening the world's economy. And political conflicts are complicating the problem. World economy's threats range from Europe debt crisis to US budget rift to ... Minneapolis Star Tribune See all 1,467 sources » |
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