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G7 tensions come as world trade growth slows

​The rancorous atmosphere at the recent G7 summit comes at an inopportune time for the world economy. The decision by the US to press ahead with metals tariffs risks an escalating series of protectionist actions just as world trade growth has started to decelerate. The summit has failed to address the rising danger of high-cost ‘tail risks’ from trade and other factors like higher oil prices.

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