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Major economies express confidence about growth
Major economic powers express confidence about global growth despite variety of threats
By MARTIN CRUTSINGER and PAUL WISEMAN
Associated Press
2014-04-12 03:42 AM

WASHINGTON (AP) -- Finance officials of the world's major economies are expressing confidence that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years.

That's despite a variety of threats including rising political tensions over Russia's actions in Ukraine.

Finance ministers and central bank presidents of the Group of 20 nations issued a joint statement that papers over substantial differences in such areas as central bank interest rate policies and whether to hit Russia with tougher sanctions because of its dealings with Ukraine.

The final G-20 communique pledges to keep working on concrete economic reforms that could boost global growth by 2 percent over the next five years. But finance officials concede that the economic reforms needed to achieve that goal will in many cases be politically difficult.

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