WASHINGTON (Kyodo) Finance chiefs from the Group of Seven industrial powers agreed Friday to continue to take every step possible to restore growth and prevent a recurrence of the crisis the world is now experiencing, while maintaining hope the economy will pick up later this year.
Finance ministers and central bankers from the G7, meeting in Washington, struck a somewhat optimistic note on the future, their first since last September, when the financial crisis exploded in their faces and crippled credit markets worldwide.
But they did not forget to warn the world that the global economy is still filled with downside risks.