News Update :

World’s biggest economies worried over Europe

Thursday, September 13, 2012


RUSSIA: Asia-Pacific leaders will vow Sunday to fight protectionism in an effort to defend the stuttering global economy from the eurozone crisis and multiple other threats.

APEC group, meeting in the Far East Russian city of Vladivostok, includes the world’s three biggest economies -- the United States, China and Japan.

A draft of the statement to be released after their two-day summit and obtained by AFP reflected worries over the impact of Europe’s debt crisis on growth in the APEC region, which accounts for nearly half of all world trade.

“The events in Europe are adversely affecting growth in the region,” it said, although it also welcomed European leaders’ commitment to “take all necessary measures”.

AFP
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