Financial markets are calmer, but world economy faces risks
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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Contractor calls out competition for taking credit for his work
2 dead, 3 injured in crash on Hwy 190 in Livonia
Storage unit renters refunded following 2 On Your Side report
Louisiana wetlands disappearing; attempts for restoration underway
Attempts to force big industry off Baton Rouge water