World economy is an 'urgent priority' : G7 leaders

Group of Seven leaders today said that pumping up the world economy is an urgent priority, but member countries can take a go-your-own-way approach to growth plans. In a statement, the G7 said, global growth is their urgent priority. 

Taking into account country-specific circumstances, the G7 committed itself to strengthen its economic policy responses in a cooperative manner and employ a more forceful and balanced policy mix, in order to swiftly achieve a strong, sustainable and balanced growth pattern. 

At the close of their talks in Ise-Shima, Japan, it said, the refugee crisis gripping Europe is a problem that the whole world must deal with. The



statement said, G7 recognises the ongoing large scale movements of migrants and refugees as a global challenge which requires a global response.

The G7 leaders said that a vote by the UK to leave the European Union would pose a serious threat to global growth. The group warned that a UK exit from the EU would reverse the trend of increased global trade, investment and jobs. The G7 leaders are concluding two days of talks today on the global economy and security situation. The meeting brings together the world's leading seven industrialised nations. The leaders of the US, Canada, Britain, Italy, Germany, France and Japan set global growth as an urgent priority.