offering no new advice to member states. The group emphasised that the foundation for growth remains "sound", according to the communique following their meeting in Washington Saturday. The group agreed that each member should do what is necessary to grow closer to its potential through appropriate policies.
-- U.S. monetary policy should continue to support sustained growth with low inflation, while U.S. fiscal policy should be targeted at improving "long-term fundamentals."
-- Eurozone growth prospects have slowed but remain "favourable." the G7 said, stressing the need for policy changes to increase potential growth. -- Japanese monetary policy should "continue to provide ample liquidity" until consumer prices remain at or above zero, the G7 said. The group also called for "vigorous" reforms to the financial and corporate sector.
-- There were some worries evident about emerging markets, notably saying Turkey should implement needed measures.