IMF urges G20 to champion globalisation at China summit

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Fund warns that slow growth and inequality has eroded support for free trade in favour of economic nationalism

The International Monetary Fund (IMF) has called for the leaders of the world’s leading economies to make a positive case for globalisation after voicing concern that prolonged slow growth and rising inequality is eroding support for free trade and open markets.

In a report published before this weekend’s gathering of the G20 group of developed and developing nations in China, the fund warned that slower than expected growth in the US and the knock-on impact of Brexit were likely to result in a fresh downgrade of its forecasts for global activity in 2016.

Related: Neoliberalism has had its day. So what happens next? | Martin Jacques

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Source: china
Link : IMF urges G20 to champion globalisation at China summit

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