The 16-country euro zone lost a record 1.2 million jobs in the first quarter, reports show. Group of Eight finance ministers describe their economies in the most positive terms since the collapse of Lehman Brothers last September. Treasury Secretary Geithner says a sweeping financial regulation reform plan to be released this week would target capital requirements, securitization and other problem areas blamed for the global financial crisis. South Korea’s finance minister says its economy was still sliding, although the pace had slowed.”]
Source: https://www.cuinfosecurity.com/imf-recessions-worst-over-a-1543