G20 summit outcome positive for global economic recovery

  • The G20 Summit concluded with broad consensus on ways of achieving inclusive and robust growth of the global economy, which is still recuperating from the impact of the 2008 financial crisis. The major economies agreed to strengthen coordination of macroeconomic policies, promote trade and investment, stimulate employment and boost investment in infrastructure. These measures, if fully implemented, will give a powerful boost to slow economic recovery, media reports quoted analysts as saying. The G20 leaders made a dim assessment of the global economic situation in a communique released at the end of their two-day summit in Antalya, a seaside resort in southwest Turkey. (Source: IANS)