World economy is an 'urgent priority' for G7 leaders

Members of the group decided that individual countries could adopt a go-your-own-way approach to growth plans

World economy is an 'urgent priority' for G7 leaders

World Bulletin / News Desk

Group of Seven leaders today said that pumping up the world economy was an "urgent priority", but left the door open for a go-your-own-way approach in a sign of lingering divisions over how to boost growth.

The G7 group also cautioned that a British vote to leave the European Union would seriously threaten global growth.

In a statement following a two-day summit in the Japanese resort of Ise-Shima, the world's seven leading industrial nations pledged to "collectively tackle" major risks to global growth and committed to a cooperative approach in beefing up policies to stimulate their sluggish economies.

"Global growth remains moderate and below potential, while risks of weak growth persist," the G7 leaders said in a declaration on Friday.

"Taking into account country-specific circumstances, we commit to strengthening our economic policy responses in a cooperative manner and to employing a more forceful and balanced policy mix, in order to swiftly achieve a strong, sustainable and balanced growth pattern," they said.

 

Güncelleme Tarihi: 27 Mayıs 2016, 10:35
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