[skiwi]

Wheels of economy turning happily, but risks ahead

$this->bbcode_second_pass_quote('', 'T')HE global economy is enjoying a period of strong growth and low inflation unparalleled since the 1960s, but there are risks to the rosy outlook, economic leaders told the G20 summit.

Inflation pressures and the risk of a spillover from the crashing US housing market were top on the list of concerns raised, while some officials renewed warnings about unsustainable global imbalances.
Central banks will need to keep raising interest rates to curb inflation, the G20 group of the world's 20 largest economies said in its final communique yesterday...

..US Federal Reserve chairman Ben Bernanke gave the forum an assessment of "the issues the US is grappling with", Mr Costello said, without elaborating..