Global econ slowdown at or near bottom

SWITZERLAND - While the global economy remains in a slump, conditions at least appear to have stabilized, suggesting that the slowdown is at or near its turning point, Bank of England Governor Eddie George said Monday 10 Sep after a regular meeting of the Group of 10.

"We've been through a period of rapid slowdown and my own view is that we're showing signs of leveling off. We're in a kind of weak period now, but the pluses and minuses in the data are suggestive of a turning point," George tol