High on the list of topics for G20 finance ministers meeting in London this weekend will be when, and how, to unwind the massive and unprecedented fiscal, monetary and financial sector stimulus that has been put in place in capitals around the world over the past two years.
UK ministers have said that there is widespread agreement that although there are signs of a nascent recovery not only at home but in Europe, Asia and the US, it is still far too early to begin rolling back stimuli on any grand scale.
“Everyone thinks it is far too early to declare victory,” one minister said, adding: “Support conditions need to be kept in place for some time.”
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