The Group of Seven conference held April 19 to 20 in Washington highlighted negative as well as positive aspects of the world economy.

Finance ministers and central bank chiefs from the world's richest nations adopted a chairman's statement and an "action plan" following discussions that focused not only on global economic issues but antiterrorism measures and Argentina's woes.

In the chairman's statement, the participants noted that the world economy is showing brighter signs than it did in the previous meeting, but stressed that each nation must pursue healthy macroeconomic policies and implement structural reforms.