Energy prices ‘threaten growth’

Finance ministers from the world’s leading industrialised countries have warned volatile energy prices threaten “solid” world economic growth in 2006.

But officials from the Group of Eight [G8] nations said they still believed that growth would be good this year, in a statement issued after talks.

Finance chiefs have been meeting in Moscow this weekend with energy security at the top of their agenda.

Russia has taken the helm of G8 with its economic clout at an all-time high.

BBC