G20 leaders to warn of ‘regional conflicts’ as global challenge

G20 leaders to warn of ‘regional conflicts’ as global challenge in tight draft communique Group of 20 finance leaders are expected to make a passing reference to regional conflicts in assessing global economic risks, according to a draft version of the communique seen by Reuters, due to deep divisions over wars in Gaza and Ukraine. The draft communique, far shorter than previous years as host nation Brazil works to sidestep geopolitical controversies, also said the likelihood of a soft landing in the global economy has increased, but uncertainty remains high.“Risks to the global economic outlook are more balanced,” with faster-than-expected disinflation and more growth-friendly fiscal consolidation underpinning growth, the draft said. After a gathering of foreign ministers in Rio de Janeiro last week focused on deep divisions over Russia’s invasion of Ukraine and Israel’s bombardment of Gaza, G20 finance officials are expected to set aside geopolitics and focus on global economic issues as they gather in Sao Paulo this week. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D)