The G8 draft: monetary activism plays an important role in the economic recovery

FXstreet.com (Cordoba) - the leaders of the world's richest countries probably say next week that are unhappy with the progress made so far in the reforms of their economies after the financial crisis.

Said a draft of the statement being prepared for the Summit of the leaders of the G8, dated May 21 that the actions of the responsible politicians of the United States, the eurozone and Japan have reduced risks to the global economy.

"Although countries have taken steps to avoid the worst effects of tail faced by the world economy in 2012, many of these vulnerabilities are still with us in 2013, stressing the need for countries to follow later with the reforms necessary for restoring sustainable growth and employment," said the draft.

With respect to monetary policy, "monetary activism should continue to play an important role in support of recovery and at the same time ensure that inflation expectations remain anchored in the medium term."

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