Dynamic Business Logo
Home Button
Bookmark Button

PM wants sustainable global economy

Australian Prime Minister Kevin Rudd, on a European tour this week, has expressed concerns that the global economy has not yet recovered and requires a coordinated policy approach by world leaders.

“While collectively we may have responded effectively to the worst period of the immediate financial crisis, we will not be out of the woods until together we have built a credible path back to sustainable economic growth for the long term,” said Rudd.

“We must remember that the challenge of recovery could be at least as great as the challenge of the crisis itself at its absolute height at the end of 2008.”

Rudd’s remarks came following a meeting with German Chancellor Angela Merkel and German Finance Minister Peer Steinbrueck.

Merkel’s position is that developed countries will not be the only key to the credit crunch problem, that emerging economies such as India, China and Brazil need to play an important role too.

People who read this, also liked:
World Bank donates billions to struggling countries in crisis
Tax cuts will help economy: Swan

What do you think?

    Be the first to comment

Add a new comment

Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

View all posts