Friday, March 13, 2009

Need to work with other countries on economic crisis: Obama

WASHINGTON: US President Barack Obama has said there is need to coordinate with other countries on the economic crisis to ensure a simultaneous match of the efforts being undertaken by America in this regard.

"We've got to do some coordination with other countries in order to assure that what we do here in the United States corresponds with strong efforts overseas," Obama said in his remarks after meeting Paul Volcker, Chairman of his Economic Recovery Advisory Board.

Obama has been talking with the world leaders in the past few weeks in this regard, and this would be his agenda at the upcoming G-20 summit at London next month, which among others would also be attended by the Indian Prime Minister Manmohan Singh.

Later the White House spokesman Robert Gibbs said: "The President and the economic team believe that it's important that we monitor what will and has been done by different countries in order to make up for the projected downturn in GDP and how that affects the global economy."

Source: TOI

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