G20 in warning on world economy

[lovuian]

http://news.bbc.co.uk/2/hi/business/7100720.stm

Finance chiefs from the world's 20 biggest economies have warned of rising risks to economic growth and inflation, at a meeting in South Africa.

China's reluctance to revalue its currency and the sliding dollar had also come under the spotlight at two-day summit of G20 members.

The group agreed volatile and erratic currency movements were unwelcome.

But the summit's final communique stopped short of labelling specific currencies as being problematic.

The G20 called for greater exchange rate flexibility from countries with large current account surpluses in an apparent reference to China.

China has been under mounting pressure from the United States and other trading partners to allow its tightly controlled yuan to strengthen to correct global trade imbalances.
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Things are quite a mess its pretty obvious