World economy stronger: G8

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DEAUVILLE, France, — The Group of Eight leaders agreed on Friday that the global economy recovery was becoming more “self-sustained”, although higher commodity prices were hampering further growth.

In a communique issued at the end of a two-day summit in France,  European nations, the United States and Japan all agreed to ensure their public finances were sustainable.

 

“The global recovery is gaining strength and is becoming more self-sustained. However, downside risks remain, and internal and external imbalances are still a concern,” the communique said. — Reuters