Global economy recovering steadily but risks remain

The global economic growth is increasing but there are still certain risks of a decline, the G20 finance ministers and central bankers said in a joint communique following Friday’s meeting in Washington.

“The global recovery is broadening and becoming more self-sustained, with increasingly robust private demand growth,” the document said. “But downside risks still remain. We agreed to remain vigilant and to take the actions required to strengthen the recovery and reduce risks.”

“Events in some Middle-East-North African countries and in Japan have increased economic uncertainty and tensions in energy prices,” the finance officials said.

They also agreed indicative guidelines to measure potential risks and assess large imbalances.

The G20 confirmed its adherence to the fight against corruption.

“We agreed to maintain momentum for action to tackle non-cooperative jurisdictions and to fully implement the G20 anti-corruption action plan,” the communique said.

WASHINGTON, April 16 (RIA Novosti)

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