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Financial Times, November 2, 2011 2:24 pm
http://www.ft.com/intl/cms/s/0/a85142c4-ffef-11e0-ba79-00144feabdc0.html#axzz1cfDufkdf
By Chris Giles
It is crunch time for the Group of 20. If things go well, the Cannes summit will mark the moment the “premier global economic forum” acts to defuse the economic risks being run in the world. The alternative is to allow them to fester, contributing towards another destructive financial and economic crisis.
Underlining the urgency, the International Monetary Fund declared in mid October: “The immediate risk is that the global economy tips into a downward spiral of increased uncertainty and risk aversion, dysfunctional financial markets, unsustainable debt dynamics, falling demand, and rising unemployment”.
Three challenges stalk the global economy.
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