- November 14, 2022
- Posted by: Stratford Team
- Category: Economy
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BALI, Indonesia — Twenty of the world’s most powerful men and women will meet here this week with the global economy weakening by the day, developing countries facing a looming debt crisis and war raging in Europe.
The Group of 20 leaders summit is expected to do precious little about any of it.
To say that expectations are low for the annual meeting — which will draw President Biden and Chinese President Xi Jinping, as well as leaders from Europe and emerging powers such as India and Brazil — would be an understatement.
A gathering that began at President George W. Bush’s invitation in 2008 and helped coordinate the global response to the worst financial crisis since the 1930s has devolved into a rudderless talking shop that may struggle even to produce an official communique.
“The main appeal of the G-20 is the ability to force countries’ leaders in the same place and at the same time to interact. The actual…