Originally published by the Voice of America (www.voanews.com).
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April 25, 2009

Economic Powers Encouraged World Recession May Be Easing
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http://enews.voanews.com/t?ctl=23DD7F1:A6F02AD83191E160181E72D016493A2B30EB2FA2E66CBB22&
 
Members of Group of Seven industrialized nations reaffirm commitment to
work together, lift world out of recession 
       US Treasury Secretary Timothy Geithner (bottom, center) leads a
group of G7 finance ministers to a photo session in Washington, 24 Apr
2009Finance ministers from the world's leading economic powers say there
are signs the global recession may be starting to ease.

 Members of the Group of Seven industrialized nations met in Washington
Friday, reaffirming their commitment to work together and to lift the
world out of recession.

 In a joint statement, the G7 ministers said recent data suggests the
pace of economic decline appears to be slowing and that they are
committed to restoring "jobs and growth and to prevent a crisis of this
magnitude from occurring again."

 Following the meeting, U.S. Treasury Secretary Timothy Geithner warned
that what he called "the darkness that descended on the global economy"
is far from over.

 Geithner says countries must continue to push economic stimulus plans
and ensure that consumers and businesses have access to loans.

 Geithner and the G7 ministers also pledged to work on reforming the
global financial infrastructure. Geithner said the United States plans
to lay out several new proposals in the coming weeks.

 The G7 -- the United States, Britain, Canada, France, Germany, Italy
and Japan -- also met in London earlier this month.

 The U.S. Treasury secretary is also meeting with ministers from the
Group of 20, which includes economic powers and emerging economies.

  


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