G8 warn high commodity prices serious growth challenge
High commodity prices, especially for oil and food, pose a serious challenge to stable global economic growth, finance ministers from the Group of Eight rich nations said on Saturday in a communique.
The high prices may also increase global inflationary pressure, the ministers said at the end of a two-day meeting in Osaka, Japan. They said the world economy continued to face uncertainty but added they remained positive on the long-term resilience of both rich economies and emerging markets. (Reuters)
