G20 leaders set to agree economic way forward

Leaders of the G20 group of major economies are today expected to agree a way forward for nursing the global economy into recovery on the final day of their two-day summit in Toronto.

Pre-summit expectations of a clash between European states implementing austerity programmes to pay down debts and US President Barack Obama, who wants continued fiscal stimulus to avoid a return to recession, have been smoothed over, with both sides agreeing that different approaches are appropriate in different countries.