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Financial markets are calmer, but world economy faces risks

7 months 2 weeks 6 days ago April 16, 2016 Apr 16, 2016 Saturday, April 16 2016 April 16, 2016 2:25 PM in News
Source: Associated Press
By: APnewsNow

WASHINGTON - The world economy is still sluggish. But at least markets are calmer and China's economic problems look more manageable than they did the last time the world's top finance officials met back in February.

Finance ministers and central bankers from the Group of 20 major economies emerged from their meeting in Washington on Friday relieved that financial markets had recovered from the turbulence rocking them at the last G-20 meeting in Shanghai.

Bank of Canada Governor Stephen Poloz told reporters he came away feeling a little more encouraged than when he arrived.

The G-20 discussions took place as part of the spring meetings of the 189-nation International Monetary Fund and the World Bank. Talks are expected to wrap up Saturday.

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