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Alistair Darling warns G20 about pulling out too early

Alistair Darling has warned his fellow G20 members that the financial stimulus put in place during the depths of the ongoing worldwide recession need to remain for the foreseeable future. Despite the fact that the US, Germany, France and Japan appear to be pulling out of the recession he is concerned that an early end to the fiscal stimulus programme could plunge the world economy back into recession. But is this the true story?

There is a suspicion that Alistair Darling is looking to protect the interests of the UK, which has been slower than most developed countries to emerge from the recession. Despite hopes that the UK had pulled out of the recession in the second quarter of 2009, we are now entering the final quarter and there are no signs of recovery. While cynics may believe that Alistair Darling is looking to "feather the UK nest" he does have a point regarding the worldwide recession and early termination of the financial packages which have been relatively successful to date.

There is no doubt that the UK recession will end in the short to medium term but there is concern that 2010 will still be a tough year and one which needs to be approached with care.

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