Leaders say economy is strong despite jitters
Moscow ? Finance ministers from the world’s most industrialized nations were upbeat about the global economy Saturday despite global jitters about rising interest rates and tumbling stocks.
The G-8 ministers’ final statement focused on the dangers of galloping oil prices and “widening” global imbalances. But it did not mention interest rate increases in several countries and recent declines on world markets. And ministers later brushed aside fears of economic turbulence.
The ministers’ statement made no direct reference to the U.S. trade deficit but recognized that tackling global imbalances was a “shared responsibility.”