The finance ministers and central bankers from the Group of 20 wealthy and developing nations gather in Istanbul, Turkey, Tuesday, Feb. 10, 2015. (AP Photo)
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The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment Tuesday of the outlook for global growth.There has generally been an acceptance in Washington that a weaker euro and yen is an inevitable consequence of actions to revive moribund economies, something the United States has consistently called for.The draft welcomed the favorable outlook in some key economies but gave a gloomy assessment of the global economy as a whole, saying growth was uneven and trade slow.The G20 officials look set to reject a Turkish proposal to set countries specific investment targets to spur a world economy which looks increasingly reliant on the United States for growth.
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