WASHINGTON (AFX) - G7 finance ministers are to warn that the global economy faces risks from the high level of oil prices, according to a draft of the communique to be issued at the end of their meeting here.
'The strong global economic expansion continues into its fourth year and the outlook remains favourable,' the draft says.
But it adds: 'Risks remain from oil market developments, global imbalances and growing protectionism.' steve.whitehouse@afxnews.com fz/nh/sw COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited