World economy remains sound but risks lurk: G7 ministers

SINGAPORE - The global economy remains strong despite a US slowdown as Europe picks up and Japan recovers from its long slump, although inflation and trade protectionism pose risks, G7 finance chiefs said on Saturday.

By (AFP)

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Published: Sat 16 Sep 2006, 7:55 PM

Last updated: Sat 4 Apr 2015, 4:22 PM

“In our economies, performance remains strong amid moderating growth in the United States,” the Group of Seven finance ministers said in a statement.

Growth in the eurozone and Britain is accelerating and should remain strong, Canada remains on a strong expansion path, and Japan has exited the zero interest rate policy and is seeing a broad-based recovery, they noted.

“The positive outlook, however, is not without potential downside risks,” they added, pointing to “tight and volatile energy markets, rising inflation expectations and the spread of protectionism”.

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