Global recovery strong and long lasting says G10

G10 central bankers meeting in Switzerland said on Monday 8 March that the world economic recovery is strong and risks that it could be scuppered are fading.

Central bankers from the Group of 10 leading industrial nations and their colleagues from top emerging economies said they were optimistic the downturn which followed a prolonged stock market slump was over.

"The sense of the meeting today was that the sustainability of the recovery at the global level was certainly not to be put in quest