isabel marant uk store: Finance Minister Bill English said that compared to the pessimism in the United States, the New Zealand was in "pretty good shape."World Bank President Robert Zoellick said at a press conference yesterday the world was"in a danger zone" though a return to recession in the US, Japan and Europe was unlikely."In 2008 many people said they did not see the turbulence coming. Leaders have no such excuse now," Mr Zoellick said.Mr English met Bill Daley, the chief of staff to President Barack Obama, and Ben Bernanke, the chairman of the US Federal Reserve and over the next two days will meet Australian Treasurer Wayne Swan and Chinese Finance Minister Xie Xuren.Mr English said after his meetings that there were "increasing levels of frustration here including at the Federal Reserve that they haven't been able to crank the economy up even though they have got record low interest rates, they have been printing money flat out and the Government has been spending a lot.""They are starting to realise they can't just pull a rabbit out of a hat and get the economy going again, that they actually have to rebuild confidence with stable Government making sound decisions and a longer term view."Mr English said the euro crisis was of greatest concern."What has surprised me here is how concerned everybody is about the European situation."There seemed to be broad agreement about what should happen technically but everyone was pessimistic that the politicians could organise themselves to do it.They did not have faith that 17 countries in the Eurozone would be able to agree."I've met one or two people who think they'll muddle through. But I've met a lot more people who are concerned that something bad might happen."Commenting on New Zealand's low gdp growth figure out this week 0.1 per cent for the June quarter following a revised 0.9 per cent for the March quarter Mr English said he was not worried about the quarter to quarter numbers because they fluctuated.Yesterday's figure was worse than expected."This is the nature of the recovery.
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