Global economy to pass through worst phase of recession...G7 say's

Finance ministers from G7 group and central bankers stated on Friday that the global economy may past the worst phase of recession and there is no assurance of recovery till now and they pledged to make sure that big financial firms are sound. They also added that later this year the economic activities will start recovering however the outlook remains this week also and there are risk that the global economy may still worsen.Recent data also suggest that the pace of decline in our economies has slowed down.Lets hope for the best.