G20 to support economy until recovery firms
SCOTLAND:.Group of 20 Finance Ministers and central bankers pledged
on Saturday to prepare strategies to end emergency support for their
economies, but to keep the aid flowing until recovery was assured.
The world's biggest economies, the European Union, the United States
and Japan, are either expected to or already have emerged from recession
in the third quarter.This has prompted a discussion on when to start
cutting back on the trillions in public support pledged to cushion the
worst economic downturn since World War Two Officials from the world's
20 biggest developed and emerging economies said at the end of talks in
St. Andrews that while the economy has improved, recovery was still
uneven and depended on policy support.
Reuters |