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04-13-2008, 05:47 PM #1
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More turmoil feared as G7 ducks credit crunch
From The Sunday Times
April 13, 2008
More turmoil feared as G7 ducks credit crunch
David Smith, Economics Editor
FINANCIAL MARKETS face more pressure after this weekend’s Washington meeting of the Group of Seven finance ministers and central bankers failed to agree measures to tackle the global credit crunch.
The G7 gave a downbeat assessment of the world economy, but stopped short of declaring America was in recession.
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