Flaws in the global economy that led to the 2008 financial crisis were papered over rather than dealt withLast week marked the 10th anniversary of the London G20 summit,an event that took station at the low point in the deepest slump since the 1930s, yet represented the high point of international cooperation.
A decade on, and the global outlook is once again darkening. World trade growth is at its weakest since 2009,the protectionism that the London summit eschewed has reared its head, and central banks contain responded to faltering growth by scaling down plans to raise interest rates.
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Source: theguardian.com