April 23, 2009 / 11:29 PM / 10 years ago

U.S. Treasury's Geithner says downturn may be easing - FT

LONDON, April 24 (Reuters) - The global economy has shown signs that the worst of the recession may be easing in recent weeks, U.S. Treasury Secretary Timothy Geithner wrote in the Financial Times newspaper on Friday.

“In recent weeks, there have been some encouraging signs that the global economic downturn may be slackening,” he wrote. “Conditions in some financial markets have improved and the decline in world trade may be abating.”

However, he added that significant challenges and risks remained and countries must act together to strengthen the global recovery. (Editing by Carol Bishopric)

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