CANNES, France, Nov. 4 (Xinhua) -- Leaders of the world’s major developed and emerging economies have agreed to foster global growth in coordinated but different efforts, French President Nicolas Sarkozy said here on Friday.
"We have decided to mobilize all efforts to support growth…. We have decided to take into account of each country’ s respective situation," Sarkozy said at a closing press conference of the G20 summit.
G20 countries have chosen different measures to tackle respective priorities under the common goal of boosting growth, according to the host.
Advanced countries with tight budget "commit to adopt policies to build confidence and support growth" and "to achieve fiscal consolidation," while countries with surplus will "commit to let automatic stabilizers work" and "to boost domestic demand," according to a final communiqué released after the G20 Summit.
However, they all agreed to take further structural reforms to boost jobs and pay more attention to vulnerable groups, especially the youth.
"We firmly believe that employment and social inclusion must be at the heart of our actions and policies to restore growth and confidence," the communiqué added.