G8 MEETING Ministers say global growth robust, risks to outlook have abated |
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Published
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Sat, 19 May 2007 12:55
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POTSDAM, Germany (Thomson Financial) - G8 finance ministers said global growth remains robust and risks to the growth outlook have declined.'Global growth remains robust and it is more balanced across regions and within our countries. Risks for the outlook have abated,' the ministers said in the communique issued at the end of their two-day meeting here.But they added: 'High and volatile energy prices remain a concern and we will remain vigilant.'The ministers said they will continue to pursue sound policies to foster sustained and balanced growth and support the orderly adjustment of global current account imbalances.But, as expected, the communique contained no reference to exchange rates. The finance ministers meeting was held to prepare for the June 6-8 G8 summit and central bankers therefore did not attend.The section on the world economy in the final communique is in line with that of a draft version reported earlier.steve.whitehouse@thomson.comsw/vlbCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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G7 MEETING No repeat of comment that risks to growth outlook have eased 