G7 Finance Ministers Pledge Continued Support for Recovery

Finance ministers from the Group of Seven (G7) nations have committed to sustaining their support for the ongoing economic recovery. In a joint statement released following their meeting, the ministers highlighted the importance of continued coordinated efforts to foster sustainable and balanced global growth.

Key Discussion Points

  • Economic Recovery: The ministers acknowledged the signs of improvement in the global economy but cautioned against premature withdrawal of stimulus measures.
  • Financial Regulation: Discussions focused on strengthening financial regulation to prevent future crises and ensure the stability of the financial system.
  • International Cooperation: The G7 reaffirmed its commitment to close international cooperation in addressing global economic challenges.

Specific Measures

The G7 finance ministers outlined several specific measures to support the recovery, including:

  • Maintaining accommodative monetary policies.
  • Implementing fiscal policies that support demand.
  • Working together to address global imbalances.

The ministers agreed to continue monitoring the global economic situation closely and to take further action as needed to ensure a strong and sustainable recovery.

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