World’s biggest economies worried over Europe
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 |