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G7 text to be slightly more negative on US-source

Fri Apr 11, 2008 10:19pm IST
 
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WASHINGTON, April 11 (Reuters) - The Group of Seven industrialized nations will on Friday issue a statement that is slightly more downbeat on the U.S. economy than previously, a G7 source said on Friday.

"The text (on the U.S.) is slightly more negative," the source said.

"It won't be alarmist or use the R-word," he said referring to a recession.

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