November 27, 2008

Global Financial Crisis Dominates Apec

The global financial crisis remains at the forefront of the Asia Pacific Economic Cooperation summit in Lima. As the APEC meeting draws to a close 21 leaders from Pacific Rim economies backed free trade to help ease the economic crisis.

The leaders are meeting at a time when economies around the world are taking a slamming from the crisis. The group includes Russia, Indonesia, Australia, Canada, Mexico and the U.S. The member states account for more than half of global output.

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