Economics Developed countries facing poor growth and emerging economies trying to cut debt have made a nasty cocktail for the world.
Vladimir Putin was not the only political leader to leave the Brisbane G20 meeting in a rather sour mood.
The global take away of British Prime Minister David Cameron was decidedly bleak. Writing in The Guardian, he proclaimed "red warning lights are once again flashing on the dashboard of the global economy", and commented that a second global crash could be looming.
Read the full article: The shadows of deflation fall across the G20 (subscription required)