Topic: Group Of Seven

Rich world economic malaise to endure into 2012: Reuters poll

LONDON (Reuters) - Stagnation is probably the best many of the world's biggest developed economies can hope for over the next year, with several facing a significant chance of recession, Reuters polls of around 350 economists showed on Thursday.After a promising start, ...

Japan sees G7 "understanding" on forex action

MARSEILLE, France (Reuters) - The yen took a back seat at the Group of Seven finance ministers' meeting, which grappled with Europe's debt crisis and global economic slowdown, but Japan said it met little resistance to further intervention.The G7 economic powers gave ...

W. Bank's Zoellick says double-dip recession unlikely

SINGAPORE (Reuters) - The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday."I don't believe that the United States or the world will go into a double-dip but there's high ...

Debt crisis bites despite global leaders' efforts

Battered markets tumbled further Tuesday despite world leaders vowing to bolster financial stability, with Barack Obama defending US credit and the European Central Bank trying to stem a debt crisis.Finance ministers and central bankers from the Group of 20 industrialised and emerging ...

Analysis: No quick cure for slow growth at root of market malaise

LONDON (Reuters) - From the United States and Italy to Japan and Greece, slow growth is hobbling the capacity of governments to service their debts, spooking markets and sapping confidence and so further darkening the economic outlook.One of the scariest aspects of ...

EU rescue fund can be added to if need be-French finmin

PARIS (Reuters) - European governments will increase the size of the EU's emergency rescue fund (EFSF) if need be and are determined to follow through on a plan to contain a debt crisis, French Finance Minister Francois Baroin said on Monday.All governments ...

G7 vows to back stability as nervous markets open

Financial chiefs and central bankers of the G7 nations early Monday pledged to "take all necessary measures to support financial stability and growth" as nervous global markets re-opened."We are committed to taking coordinated action where needed, to ensuring liquidity, and to supporting ...

G7

The Group of Seven, or G7, is the meeting of finance ministers from seven nations. The finance ministers meet to discuss economic policies that affect the world. On October 10, 2008, the G7 met in Washington D.C. to address the current crisis ...
In a synchronized global economic downturn, the temptation for policy makers is to view economic growth as a zero-sum game and to take policies that, while favourable to domestic constituents, end up 'stealing' growth from elsewhere. Leading up to the credit crisis, ...
OECD cuts US growth forecast to 2.6 percent, warns of higher long-term unemploymentThe U.S. economy will grow only 2.6 percent this year, less than the 3.2 percent previously forecast, an international agency predicted Monday, as sluggish demand hampers efforts to recover from ...
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