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(Image from article: "G20 Says No Threat Of Recession Yet")

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G20 Says No Threat Of Recession Yet

G20 Says No Threat Of Recession Yet

Finance Ministers and Central Bankers from members states within the Group of 20 said Saturday they saw no imminent threat of a recession as the European debt crisis unfolds.

Senh: In cases like this, it's better to overreact. They might not be in a recession currently, but they sound like they could easily "slide" into one. In the U.S., the bailouts to the financial industry did stabilized the sector, so maybe they should do the same.

 

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