Discord over Russia’s war on Ukraine and festering tensions between the U.S. and China are proving to be ominous backdrops for world leaders gathering in Indonesia’s tropical Bali island for a summit of the Group of 20 biggest economies starting Tuesday.
With recession looming as central banks fight decades-high inflation partly brought on by the war, U.S. Treasury Secretary Janet Yellen said that ending the conflict would be the “single best thing that we can do for the global economy.”
