clock menu more-arrow no yes

Filed under:

G-7 seeks to calm global markets, sustain rebound

IQALUIT, Nunavut (AP) — Top finance officials of the world's seven major industrial countries are pledging to work to calm global markets and sustain a fledgling economic rebound.

Ending a two-day meeting in the Canadian Arctic, the officials said they would continue to provide government stimulus to support a smooth transition to sustainable growth.

Speaking for the group, Canadian Finance Minister Jim Flaherty said leaders of the Group of Seven major industrial countries also discussed strategies they will use to withdraw stimulus next year once a stronger rebound is in place.

The meeting occurred as financial markets were roiled this week over fears that a European debt crisis could derail a global recovery from the deepest recession in decades.