WASHINGTON — Despite a deepening Greek debt crisis, global financial leaders declared Friday that the world’s economy is recovering faster than expected from the worst recession in decades.
Finance ministers and central bank governors of the world’s 20 major economies credited the massive amounts of government stimulus that have been provided. Their joint statement did not address the Greek debt crisis directly, but it did say the countries were committed to continue efforts to ensure a sustained worldwide rebound from the recession.
“The global recovery is better than anticipated largely because of unprecedented efforts of the G-20 countries,” Canadian Finance Minister Jim Flaherty told reporters at a news conference with South Korean Finance Minister Yoon Jeung-Hyun at the conclusion of the talks.
The G-20, or Group of 20, is composed of the world’s wealthiest industrial countries, plus major emerging economies such as China, Brazil, India, South Korea and Russia. The Associated Press
