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G20 Promises to Promote Economic Growth, Avoid Devaluations

Finance officials of the world’s 20 biggest economies meeting in Shanghai promised Saturday to use all policy tools available to promote global growth and avoid “competitive devaluations” of their currencies to boost exports. At the end of a two-day conference in the Chinese business hub, finance ministers and heads of central banks in the Group of 20 (G20) issued a statement acknowledging that “vulnerabilities have risen” in the global economy, including volatile capital flows, the...

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