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Big economies 'stabilising' - G8
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by Babel-Fish | June 13, 2009 at 09:49 pm
65 views | 12 Recommendations | 3 comments
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he world's largest economies are beginning to stabilise but still face major risks amid an ongoing global recession, G8 finance ministers say.
At a meeting in Italy of G8 nations, the ministers said stock markets were rising, interest rates more stable, and consumer confidence was returning.
However, US Treasury chief Tim Geithner led warnings that it was too early to wind down economic stimulus packages.
Oh well every thing back to normal, the exchange rates here are looking good in the Philippines 79 Peso to the Pound, so at least I am happy.
Tim Geithner oh what a drudge he is "Doom and Gloom" lol
Yep people in the know are now saying the meltdown is over and once again we on the upward slide to recovery. The clouds are parting to show a glimmer of a silver lining.
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Most RecentMost Recommended Comments (3)
at 21:55 on June 13th, 2009
I am very pleased as I forecast the upswing that started last month at the very beginning of the financial meltdown. But of course my small voice was lost in the hype and depression. lol
at 05:30 on June 14th, 2009
The European Union as a whole made the same comment as published in German newspapers. Hopefully, they.re right and we can get on with repaying the bailouts. In the meantime we have collapsed old established companies and in Canada we are part owners of GM and Chrysler. I never got a shareholders discount during my last servicing :).
at 17:18 on June 15th, 2009
I really think the automobile industry was already suffering prior to the financial meltdown and over lending and to many global manufacturing bases especially in Asia and the third world.