Wednesday, 8 July 2009

global economy faces more problems say the g8 summit

the g8 leaders say that the economy is still not recovered from recession, and recovery is not very soon yet, that there is still a way for the economy to go with the recession before recovery will start to happen, this is what the g8 leaders have warned today.

this summit is taking place in italy, the g8 listed that there is falling trade which is one of the main problems and thinks the economy will shrink some more before it starts to grow again or green shoots of recovery.

the german chanceller angela merkel "the crisis is a long way from being over. if we are lucky, then we have nearly reached the bottom".

so they are saying maybe there maybe not, politics for you.

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