Global Economic Rebound 'Fragile,' G-7 Leaders Say
Sat, 10/03/2009 - 18:45 EDT - NPR - National Public Radio (Business News)
Finance ministers from the Group of Seven industrialized nations, wrapping up a meeting in Istanbul, warned Saturday that the recovery remains "fragile" and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy.» E-Mail This» Add to Del.icio.us
International financial leaders have wrapped up the World Economic Forum meeting in Switzerland with warnings that much remains to be done to stabilize the global economy.
International Monetary Fund chief Christine Legarde, speaking Saturday in Davos, said the IMF outlook for a "fragile and timid" recovery depends on leaders in the top economies of Europe, the United States and Japan making "the right decisions."
She warned against complacency among the 17 European ...
Forget all of the talk about the rise of China and the shift of economic power from West to East. The U.S. economy remains the largest and most important in the world, and what happens in America still determines what happens to the global economy. No wonder, then, that investors from Hong Kong to London have become fixated on the looming “fiscal cliff” facing the U.S. government.
World leaders meeting in Canada over the weekend agreed to some strong medicine to cut their budget deficits. The move comes despite a warning from President Obama that precipitous cuts in government spending could choke off the fragile economic recovery.» E-Mail This » Add to Del.icio.us
Leaders of the Group of 20 industrialized nations gather in Pittsburgh Thursday and Friday to focus on ensuring long-term economic stability following last year's global economic meltdown. At the top of the agenda is an attempt to correct the mistakes that led to the worst economic crisis since the Great Depression.
Dr. Duru submits: I am always intrigued by the words of optimism and the steadfast bullish arguments in the midst of market sell-offs. I am not talking about technical assessments calling for a short-term bounce. I am talking about the “everything is just fine” variety.
The Dow Jones industrials plunged nearly 1,000 points in half an hour amid concerns that Greece's debt problems could halt the global economic recovery. NPR's John Ydstie talks to Robert Siegel about the wild day on Wall Street.» E-Mail This » Add to Del.icio.us
Finance ministers are meeting in London for two days of preparatory talks ahead of a Group of 20 summit on Sept. 24-25 in the US city of Pittsburgh. But despite the first signs of economic recovery, G20 leaders are counselling caution.