G-20 Discord Likely to Thwart Efforts to Boost Sagging Global Economy
With the specter of recession looming over the global economy, reviving flagging growth will be near the top of the agenda at a summit for the leaders of the Group of 20 advanced and developing economies.The problem: Discord among G-20 members is a big reason for the slowdown.
Europe may already be slipping into recession as Russia throttles its energy supplies in retaliation for Western sanctions over Moscow’s invasion of Ukraine. Inflation spurred by that conflict is squeezing consumers and businesses…