British Prime Minister Gordon Brown warned G20 finance ministers and central bankers on Saturday against moving too hastily to roll back the $5 trillion fiscal stimulus plans that governments launched to counter fallout from the recession
British Prime Minister Gordon Brown warned G20 finance ministers and central bankers on Saturday against moving too hastily to roll back the $5 trillion fiscal stimulus plans that governments launched to counter fallout from the recession.
Brown said that scaling back the anti-economic crisis packages would undermine "the tentative signs of recovery" that have recently emerged in the global economy.u00a0 He also said that retreating too rapidly from the fiscal plans risked resulting in "a downward lurch" in economic confidence.
The finance ministers' meeting has been called to lay the groundwork for a G20 summit later this month in Pittsburgh (US), which is to be hosted by President Barack Obama.
The two-day meeting comes about one year after the US investment bank Lehman Brothers imploded sending shockwaves around the world economy.
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