Fragile world, fractious leaders

By Stella Dawson – Growth in emerging economies is slowing and the recovery in the United States could be losing some momentum, worrisome developments when European leaders have yet to complete the repairs needed to shore up monetary union.

The situation forms a vulnerable backdrop for finance officials from the world’s leading economies, who gather in Washington this week for the Group of 20/International Monetary Fund/World Bank meetings.

The managing director of the IMF, Christine Lagarde, has offered this blunt description: “The risks remain high; the situation fragile.” more>

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