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G20 stimulus consensus unlikely

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G20 stimulus consensus unlikely

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As finance ministers and central bankers from the G20 countries hold meetings in the South Korean city of Busan, there seemed to be little chance that they would be able to agree on how quickly to reduce ballooning budget deficits and restore balance to the global economy.

So far only Canada, of the world’s biggest economies, has raised interest rates to start unwinding the monetary and fiscal policies used to cushion the crisis.