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Worldwide inflation is of a greater concern than the global credit crisis, according to G-8 finance ministers.
The world economy, the ministers’ said, “continues to face uncertainty and downside risks persist” as a result of elevated commodity prices, including oil and food, that could increase global inflationary pressure.
The G-8 finance ministers’ concern over current global growth conditions were outlined at a meeting held in Osaka, Japan over the weekend ahead of the Summit of the G-8 Heads and Government in Hokkaido-Toyako
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Published: 16-06-08
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