Global Economic Rebound 'Fragile,' G-7 Leaders Say
Sat, 10/03/2009 - 17:45 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
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.
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 ...
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.
This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations. But there are still big questions about how they will make a dent in the problem.» E-Mail This » Add to Del.icio.us
The World Bank says four years after the start of the financial crisis, the global economy remains fragile. Growth in high-income countries remains weak. The bank recommends that developing countries not wait for rich nations to rebound, but take their own measures to ensure economic growth.
The latest Global Economic Prospects report says economic recovery is not just fragile, it’s uncertain. World Bank President Jim Yong Kim says that “clouds the prospect for rapid improvement and a return ...
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
The leaders of the world's most powerful countries were to pursue talks Sunday on settling their differences over how to nurse the fragile world economy back to health.The G20 nations convened in the eastern Canadian city of Toronto on the heels of a tough-talking G8 summit, in which the world's major industrialized powers laid down the law to rogue operators Iran and North Korea.
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