G20 examines slowing world economy, inflation

0 Comments | AFP, August, 2008

RIO DE JANEIRO (AFP) — Officials from the G20 group of industrialized and developing nations wrapped up a weekend meeting here Sunday that examined the effects of slowing world economic growth and climbing inflation, participants told reporters.

"We are looking at how to face inflationary pressures and growth problems," one official who declined to be identified said.

The delegates, from economy ministries and central banks, held their meeting behind closed doors, with media excluded.

Declining economic growth spreading out from the United States and now affecting Europe and other regions headlined discussions.

The International Monetary Fund prepared an briefing for the meeting that showed a revised 2008 rate of growth for the world economy of 3.9...