Obama seeks coordination of worldwide efforts

One of the prime agendas at the upcoming G-20 summit at London next month is the coordination of the worldwide efforts in reviving the world economy.

US President Barack Obama is seeking to coordinate efforts his country is undertaking to deal with the economic crisis with that of most other countries worldwide.
Talks on his subject had been going on for quite some time now already. India's Prime Minister Manmohan Singh will also be attending the summit.The GDP or the gross domestic product, one of the chief indicators of a country’s economic growth, has taken a downturn in many countries globally.


Asian countries including China and Japan have already introduced massive stimulus packages to increase consumer spending. President Obama is looking to match the simultaneous efforts his country and the countries overseas are making to cope with the economic crisis.According to the IMF, we could expect a world recession in decades.