Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Glimmer of hope for international economy

Staff Reporter 1 minute read

Indications of stabilisation in the international economy emerged from the G7 meeting on the weekend.

A communiqué issued following the G7 meeting said that the pace of decline in world economies had slowed and activity should begin to recover later this year. Downside risks remained however, the G7 emphasised.

Remarks from federal treasurer Wayne Swan following talks with fellow G20 finance ministers also warned that the outlook remained touch-and-go.

“Anyone who has watched this evolve is wary of drawing conclusions too early because we’re dealing with an event the likes of which we haven’t seen in our lifetimes,” he told The Australian Financial Review.

Mr Swan said the mood in discussions with his fellow finance ministers was one of caution and that there was still some way to go.

 

Glimmer of hope for international economy
default
TheAdviser logo
default

 

more from the adviser
digital home ta Heritage to introduce new origination platform

The non-major bank has teamed up with a credit reporting firm to ...

woman financia counselling ta SA offers free financial counselling to women

At-risk women living in SA will be given access to free financial...

Sam Carrello bc64 WA broker reveals his top tips for hiring staff

Napoleon Finance broker and director Sam Carello has revealed his...

FROM THE WEB