Global Economic Recovery | featured news

Progress has been made toward stabilizing the global financial system but G20 countries must recommit to deliver on reforms that led to the crisis, G20 steering group leaders said in a letter on Tuesday.

A slowdown, or worse, in China's economy because of bursting stock and real-estate bubbles was high on most Davos 2010 participants' check-lists of risks to the recovery in global economic growth. They may have got some reassurance today from China's central bank's decision to rein in the lending that is inflating them by raising its capital reserve ratio requirement of the country' big banks for the second time in a month.

Asian stocks tumbled Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global recovery could slip back into recession....

As global trade recovers, expect a return to pre-crisis current account dynamics.

The euro region finally sees some modest growth, as Spain and Ireland straggle behind.

President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery....

The International Monetary Fund on Thursday declared that a global economic recovery has begun led by Asia, also cautioning that the strength of the rebound depended on a rebalancing of global growth.

U.S. Treasury Secretary Timothy Geithner on Tuesday said that the U.S. economy appeared to be picking up steam and G20 leaders gathering in Pittsburgh this week would strive to ensure the recovery was balanced.

Central bankers from around the world are starting to focus on how to unwind the policies they used to fight the global financial crisis.

Stocks slipped, hobbled again by concerns about the ability of China's economy to act as a catalyst for global recovery.