G20 to consider crisis exit strategy

Wednesday, September 23, 2009
by Biodun Iginla, BBC News Analyst from Pittsburgh function openDropDown(el, ac) { if(show == 1){ $(el).setStyle({ visibility:'hidden' }); $(ac).removeClassName('selected'); show = 0; } else { $(el).setStyle({ visibility:'visible' }); $(ac).addClassName('selected'); show = 1; } }

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Published: Sept. 23, 2009 at 7:20 AM
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PITTSBURGH, Sept. 23 -- The Group of 20 economic summit in Pittsburgh offers a chance for leaders to assess progress in the wake of the global financial crisis, observers say.

The summit of industralized nations, which begins Thursday, comes at a time when many countries are starting to emerge from the worst financial fall in decades, CNN reported Wednesday.

At this year's meeting, leaders will discuss exit strategies for programs considered necessary for addressing the recession but added millions of dollars to the nations' debt, the White House said.

"The Pittsburgh summit is an important opportunity to continue the hard work that we have done in confronting the global economic crisis and renewing prosperity for our people," U.S. President Barack Obama said in a statement ahead of the start of the two-day summit.

"Together, we will review the progress we have made, assess what more needs to be done, and discuss what we can do together to lay the groundwork for balanced and sustainable economic growth."

Several major economies, including Germany, France and Japan, have announced that they have emerged from recession.

Posted by BiodunIginla at 6:17 PM Labels: bbc news. biodun iginla, g20 summit

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