World economies pledge to steady world markets
The world’s leading economies are ready to take appropriate action, individually or collectively, to secure stability in global markets, according to a draft statement today from the Group of Seven industrial nations.
The draft, obtained by Dow Jones Newswires, said the fundamentals of the world economy were solid, but uncertainty had increased because of a deterioration of the US economy, financial market turmoil, high oil and commodity prices and heightened inflation expectations.
