G7 communique from Washington meeting

The financial ministers and central bankers of the Group of Seven nations met in Washington on Saturday 16 April. Their statement repeated a call for "more flexibility in exchange rates" where it was lacking.

Since our meeting in February, the global expansion has remained robust and the outlook continues to point to solid growth for 2005. Subdued inflationary pressures, appropriate monetary policies and favorable financing conditions are supporting the outlook. But challenges remain. Higher o

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