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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (49009)	4/24/2004 1:52:30 PM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

U.S., Allies Upbeat About Global Economy By HARRY DUNPHY, Associated Press Writer WASHINGTON - America and its wealthy allies expressed optimism Saturday about the global economy, saying overall prospects have improved despite worries about rising oil prices and violence in the Middle East. The Group of Seven major industrial countries — the United States, Japan, Germany, France, Britain, Italy and Canada —struck an upbeat tone while acknowledging the risks. They said they stood ready to provide financial assistance in the Middle East, hoping that efforts to improve the prospect for jobs will help to stabilize what is now a deteriorating security situation. The G-7 nations said they were prepared to help rebuild the economies not just of Iraq (news - web sites) and Afghanistan (news - web sites) but also the Palestinian areas of the West Bank and Gaza. Discussing the global economy, the G-7 said in a joint statement that "prospects are favorable, and although risks remain, such as energy prices, overall the balance of risks to the outlook has improved." The G-7 statement was issued after discussions Friday and Saturday that were led by Treasury Secretary John Snow and Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites). story.news.yahoo.com