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Baby steps at G20 as fracturing theme dominates

This week’s G20 summit in Bali, Indonesia, has so far exceeded low expectations. There is broad condemnation of the war in Ukraine and bilateral talks between China and the US seem to have been amicable. But with the meeting dominated by geopolitical tensions, it seems unlikely that any meaningful measures will be announced to tackle high inflation or support the global economy as it enters recession.

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