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World Economy Talks In Paris

  • February 20th, 2011
  • Posted by 7thmin


globe1.jpgFinance Ministers of the G20 countries have completed weekend talks in Paris, held as another step to build agreement on financial management, and try to war off future recessions.

The Group of 20 main economies have taken on the role of the leading consultative forum for setting up a more stable world system.

They worked on ways to measure trends in economic activity and give warnings, with discussion focused this time on imbalances in global trade, commodity prices and food shortages, and the under-pricing or otherwise of currencies – where China, in particular, has been under pressure to let its currency devalue.

The Australian Treasurer, Wayne Swan, at the gathering, said  Australia’s eocnomy would remain strong, and good for investment despite the impacts of recent emergencies, with floods and a cyclone.

Reference

Bigpond News, Melbourne, “G20 leaders gather for traditional photo”,19.2.11.http://bigpondnews.com/articles/TopStories/2011/02/19/G20_leaders_gather_for_traditional_photo_579736.html, (20.2.11).

Alan Wheatley, Nick Macfie, “China silent on G20 economic imbalance indicators”, Reuters, London, 19.2.11.
, (20.2.11).

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