G8 looks to recovery, eventual withdrawal of stimulus

The meeting of the Group of Eight finance ministers took place earlier in the weekend and leaders acknowledged that they discussed the need to begin unwinding some of the extraordinary policy measures that were taken in response to the dire situation late last year in the financial markets.

Of course, leaders didn't give the all-clear signal, and they believe unemployment will continue to rise and "significant risks remain." But they were quick to point out that signs of stability are emerging, including "a recovery of stock markets, a decline in interest rate spreads, and improved business and consumer confidence."

Recent weakness in the dollar and rising US Treasury yields were left out of the communique, and only a passing mention was made on rising commodity prices. withdrawal