G-20 Promises Coordinated Action for Global Economy

November 17, 2008

New financial rules hammered at as wellOver the weekend, the G-20, comprising the leaders of the biggest economies (developed and emerging) met to try and decide what to do about the global recession. There was very little real substance in the meetings, but the leaders did pledge the following:

1. Coordinated action to end the global recession.
2. Agreement on some new rules regarding financial markets.

The idea is to try to stimulate the global economy, and to make it more difficult for something like this to happen again through requirements to be more transparent and to keep greater capital on hand.

See Also

• Global Recession and Forex Trading
  Currency trading on the FX market

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