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G20 document: Don't take economic recovery for granted

06-24-2010 13:39 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

A draft G20 document shows world leaders will warn against taking the global economic recovery for granted. The document also notes that the huge costs of the stimulus effort could hurt long-term growth. The draft sets out which policies should be given priority - supporting still-shaky growth or shrinking budget deficits.

The Group of 20, which meets in Toronto this weekend, has won credit for preventing the global recession of 2008 from becoming a depression. The group must still find consensus on controversial topics such as how quickly to shrink government deficits, how best to strengthen banks so that they can withstand any new downturn, and how to harmonize financial regulatory reforms.

Editor:Xiong Qu |Source:

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