G20 focuses on global economic outlook as dlr drops
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Finance ministers and central bank governors from the 20 biggest economies were meeting in Berlin on Saturday on the global economic outlook, denying they would focus on a slide in the dollar&#39;s exchange rate.
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Business & money: What are the global experts meeting in Switzerland predicting for the US economy?
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Finance ministers and central bank chiefs from the world's 20 most powerful nations were gathering for a weekend G20 summit in which exchange rates are expected to figure prominently.
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The current recovery of the global economy is dampened by risks that could give rise to financial and exchange-rate instability and to a slowdown in growth, the United Nations Conference on Trade and Development (UNCTAD) warned Thursday.
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The IMF says that global economic growth is likely to be dampened by the turbulence which has swept world markets.
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The G7 wealthy nations on Saturday  predicted solid economic growth and subdued inflation this year  while repeating currency declarations that some economists  believe could limit the dollar's decline.
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The G7 wealthy nations on Saturday predicted solid economic growth and subdued inflation this year while repeating currency declarations that some economists believe could limit the dollar's decline.
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Investors looked ahead to U.S. reports on housing and producer prices on Friday for guidance on the state of the world's leading economy after a raft of soft data, while red-hot equities cooled a bit in both Europe and Asia.
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Prospects for the global economy next year are growing dimmer as oil prices hurt consumption and the rise in the U.S. trade deficit depresses the dollar.
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The dollar sagged early on Monday,  helping to send Asian exporters' shares sharply lower, after a  meeting of the Group of 20 rich and developing nations said  nothing to arrest its fall.
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Business & money: US will bear brunt of slowdown in economic growth, global stability report says.
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World finance chiefs gathering for a G7 summit were upbeat on the outlook for the global economy, but warned that high oil prices could put an end to a five-year run of growth.
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U.S. trade data and the White House budget take the spotlight this week as markets digest comments from a weekend G7 meeting and upbeat remarks on the U.S. deficit from Federal Reserve chief Alan Greenspan.
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German Finance Minister Eichel called for the euro&#39;s &quot;brutal&quot; rise versus the dollar to be put on the agenda of the summit of G20 countries in Berlin this weekend amid concerns the greenback&#39;s slide could hit EU growth.
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WASHINGTON : World finance chiefs meeting in Washington this week will express satisfaction with a rebounding global economy, but also highlight risks from surging oil prices, turmoil in Iraq and other factors.
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Trade deficit figures headline a light week for economic data.
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The OECD cut its 2005 economic growth forecast for the euro zone and other major economies on Tuesday, blaming a &quot;surge in oil prices&quot; and the slide in the dollar.