Britain's PM Gordon Brown (R) sits next to British Finance Minister Alistair Darling as he addresses the opening session of the G-20 finance ministers meeting in London, 05 Sep 2009British Prime Minister Gordon Brown told Group of 20 finance ministers in London Saturday that although the worst recession since World War II appears to be easing, the world cannot be complacent or overconfident.Mr. Brown told officials from wealthy developed nations and key emerging markets that the world was at a critical juncture and that more work is needed to ensure a lasting recovery. The G-20 nations account for most of the global economy. The ministers are meeting for a second and final day Saturday to work out an agenda for the G-20 heads of state, set to gather in the eastern U.S. city of Pittsburgh later this month. On Friday, ministers discussed continuing efforts to bolster the battered economy with low interest rates and massive stimulus programs. The officials face the complex question of when and how to wind down these programs, and how to coordinate these actions between nations personal loans for bad credit. They are also haggling over ways to prevent new recessions, including changing the way top bank executives get paid. That issue will get more work on September 17, when Sweden's prime minister has invited European Union leaders to meet and discuss bank bonuses before the G-20 summit September 24 and 25. Prime Minister Fredrik Reinfeldt, whose country holds the rotating EU presidency, said the agenda will also include climate change and strategies for dealing with the world economic slump. Mr. Reinfeldt said he would like the 27-member bloc to coordinate a common position on those issues.

Some information for this report was provided by AFP, AP and Reuters.

British PM Brown: Global Economy at Critical Juncture