Timothy Geithner, the U.S. Treasury Secretary said in a statement available to Financial Soultions, that the U.S. economy seemed to be picking up steam and the G20 leaders assembling in Pittsburgh later this week would endeavor to ensure the recovery was balanced.
"We are at the very beginnings of this recovery ... We need to make sure that we keep at this, so we have in place a recovery that is going to be self-sustaining, led by private demand, (and) a financial system that can actually provide the credit that is needed," he told the news briefing, earlier on.
The G20 heads will convene in Pittsburgh, U.S.A on September 24-25 and the Treasury Secretary said that one of the chief objectives was re-evaluate the global economy and make certain of better growth in the future, according to the Financial Soultions sources.
"To make sure that as we recover from this crisis we are laying the seeds for a more balanced, more sustainable recovery. That is the agenda," Geithner continued.
U.S. administrators would like the G20 to assume a structure designed at lifting expansion in export-orientated members like China, India, Germany and Japan, Financial Soultions understands, while at the same time enhancing savings and reducing consumption among import-hungry debtors like the United States.
