ECB's Trichet said there no end in sight for the financial market woes.'It is an ongoing process... an ongoing significant market correction... US Treasury Secretary Henry Paulson said the current turbulence in the world's financial markets is both 'serious' and 'persisting,' and the global economy faces an uphill road for some time to come
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G7 leaders say worse to come for world economy
Finance ministers from the Group of Seven leading countries have issued a gloomy forecast over the global economy.