G20 Warns of Rising Risks to Global Economy
An attendee takes pictures before the opening ceremony of the 2016 G20 Trade Ministers Meeting in Shanghai, China. (File Photo/Reuters)
Washington: The G20 group of economic powers warned on Friday that the world economy could worsen under the pressure of rising unrest, protectionism, and frail financial systems.
"The uncertainty and the risks facing global economy have increased, as some major economies have entered into general elections, the fallout of Brexit is uncertain, the vulnerabilities of the financial system are rising, (and) the expectation of geopolitical tensions are growing," said Lou Jiwei, China's finance.
- Uri Attack: JuD Claims Responsibility For The Terror Assault, Pak Under Pressure
- US Asks Pak to Act Against Terror Groups Who Attack Neighbours
- Watch: The News That Wasn't With Cyrus Broacha
- UN Chief Condemns Terror Attack on Police Academy in Quetta
- Quetta Terror Attack: 3 Terrorists Killed, Over 60 Dead
- Quetta Attack: Why Pak's 'Action Plan' on Terror Became 'Inaction Plan'
- US Condemns Terror Attack in Pakistan's Quetta
- Philippines' Duterte Sparking Distress Around the World, Says US