Skip to content

Geithner: Too soon to withdraw economic stimulus

June 14, 2009
Yahoo! News

U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world’s top economies, but governments should pledge a return to more sustainable fiscal policies in the future.

“Growth should remain the principal focus of policy among the G8 and broader G20 economies,” Geithner told a news conference after finance ministers from the Group of Eight economies finished a two-day meeting here.

He said recovery has not yet arrived, and governments need to keep reinforcing recent improvements in global demand.

“It is too early to shift toward policy restraint,” Geithner said. “Economic and financial recovery, however, will be stronger and more sustainable if we make clear today how we get back to fiscal sustainability when the storm has fully passed.”

The story continues …..

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: