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Apec sees heightened downside risks to global economy

Published Wed, Oct 22, 2014 · 09:50 PM

Beijing

THE global economy is beset by increasing "downside risks", Asia-Pacific finance chiefs said on Wednesday, a day after growth in China hit a five-year low.

The meeting in Beijing of finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum preceded the group's annual summit next month, when Chinese President Xi Jinping will host leaders from the United States, Russia and Japan, among others.

"As the global economy still faces persistent weakness in demand, gro…

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