U.S. Treasury Secretary, speaking about economic and financial recovery, urged leading industrial nations and emerging markets to continue policies focused on growth, saying it was too early to to shift toward restraint.
“Growth should remain the principal focus of policy among the G8 and broader G20 economies,” he said on Saturday in Italy at a gathering of finance ministers from the Group of Eight nations, according to Reuters.
He said a recovery has not yet arrived.
“It’s too early to shift toward policy restraint,” he said. “Economic and financial recovery, however, will be stronger and more sustainable if we make clear today how we get back to fiscal sustainability when the storm has fully passed.”