Even as the world economy is going through the worst crisis in seven decades, there are signs that the decline in global growth and trade is easing, Treasury Secretary Timothy Geithner said yesterday.

In a speech as well as a question-and-answer session at the Economics Club of Washington, Geithner again defended the government’s plan to take so-called legacy assets — previously known as toxic assets — off banks’ balance sheets, saying it’s the best way to value the assets and create a market for them.

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