EU finance ministers will warn their counterparts that they should get ready to face a potentially large global slowdown, an EU document said. Without explicitly mentioning the coronavirus, the EU will tell a G-20 meeting next week that the world should get ready for unexpected bad news. "The G20 should safeguard against downside risks and be ready to respond to a larger than expected slowdown," the EU's internal document said. Earlier today the European Commission said the coronavirus epidemic represented a key downside risk for economic growth, although its impact was difficult to gauge at the moment. "Global economic growth remains weak, amid signs of stabilization, in particular in global manufacturing," the document said, adding that trade tensions remain elevated even after last months initial trade deal between the U.S. and China. "Geopolitical tensions remain high. Resolving those tensions deserves the highest order of priority," the document added, urging the G-20 to continue its work to address global imbalances.