According to a report by Reuters, on Saturday, a draft communique by the world's financial leaders suggested that global trade tensions threaten an expected pick up in economic growth this year and in 2020, however policymakers remain divided on whether the need to resolve them was 'pressing.' Finance ministers and central bank governors of the world's 20 largest economies, referred to as the G20, are reportedly meeting in the Japanese city of Fukuoka to discuss the global economy amid rising trade tensions between China and the United States. The draft G20 communique reportedly read, “Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020."

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