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Leaders vow to use all policy tools to grow
With the world witnessing continued financial volatility and geopolitical uncertainty, top leaders from Asia and Europe have agreed to use all policy tools - monetary, fiscal and structural - to foster confidence and achieve strong, sustainable and balanced economic growth.
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Leaders from 51 nations, including India, met here for the 11th Asia-Europe Meeting (ASEM) in the Mongolian capital and exchanged views on the political and socio-economic situation.Â
They discussed ways to address the existing and emerging challenges to peace, security, stability and sustainable development. In a 13-page Chair’s Statement, the leaders noted the modest and uneven recovery of the global economic outlook while the Asian economy continues to remain a global growth engine.
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