G20 leaders: Global recovery is 'strengthening, but is still uneven'

In the face of an "uneven" economic recovery, members of the G20 meeting in Paris agreed Saturday that the international monetary system has proven "resilient, but vulnerabilities remain."

Delegates at the meeting of finance ministers and central bank governors cited in a communique issued at the end of their two-day meeting the need to prevent "disorderly movements" and "persistent misalignment" of exchange rates.

The global recovery is "strengthening, but is still uneven" and "downside risks remain," according to the communique.

Advanced countries still suffer high unemployment, and emerging economies are growing robustly, "some with signs of overheating," the group said in its communique.

Read Full Article from CNN International

- Posted: 2011-02-19 21:05:28

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