G20 Finance Ministers and Central Bank Governors pose for a group photo during a conference held in Chengdu in Southwestern China's Sichuan province, Sunday, July 24, 2016. REUTERS/Ng Han Guan/Pool
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Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G20 group of leading countries said Sunday.Participants said Brexit was at the forefront of concerns at the meeting in Chengdu, the last before the grouping's annual summit in the Chinese city of Hangzhou in September.Before the meeting the International Monetary Fund (IMF) downgraded its forecasts for global growth this year and next by 0.1 percentage point, to 3.1 percent and 3.4 percent respectively.Concerns about slowing growth in China, the world's second largest economy, have receded into the background at the G20 .At an earlier meeting in the Chinese commercial hub Shanghai in February, the G20 finance chiefs agreed to use "all policy tools" including monetary easing, fiscal spending and structural change to boost growth.
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