US sees global growth but 'challenges' ahead

LONDON (AFP) - - US Treasury Secretary Tim Geithner said Saturday after a G20 ministers' meeting that global economic growth was "underway", but warned "significant challenges" remain ahead.

"Growth is now underway. However, we still face significant challenges ahead," Geithner said in a statement, adding that "conditions for a sustained recovery led by private demand are not yet established".

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