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Bloomberg

IMF Members See World at ‘Pivotal Juncture' Amid Trade Wars

The world economy is at a 'pivotal juncture' as trade tensions flare, members of the International Monetary Fund said in a draft statement after a week of discussions that have been overshadowed by US President Donald Trump's trade war. The draft 'Chair's Statement' of the International Monetary and Financial Committee, the IMF's top advisory body, also 'welcomed the ongoing efforts to end wars and conflicts.' Saudi Arabia's finance minister chaired the meeting.