APEC Ministers See Downside Growth Risks, Draft Statement Shows

  • U.S. seeking APEC pledge to avoid competitive devaluations
  • Financial-market disruptions are among key challenges

Asia-Pacific Economic Cooperation finance ministers gathering in the Philippines this week are wary of risks to growth from financial-market turmoil, underscoring the faltering outlook that has led to economic forecasts being cut by ratings companies and analysts.

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