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Finance Ministers: Economy Stronger but Fragile

By: AP
By: AP

WASHINGTON (AP) - The world's top financial officials say they believe the global economy is strengthening but growth remains fragile and open to risks of new geopolitical strife, as in Ukraine.

Rich countries have been helping power the recovery led by the United States and Britain, and the eurozone and Japan are doing better. However, there has been some slowing in major emerging markets such as China even though these economies have been powering along at growth rates ahead of developed nations.

Many countries still are experiencing painfully high unemployment rates with millions looking for work.

The conclusion of discussions Saturday at the International Monetary Fund and its sister institution the World Bank ended three days of talks.


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