July 10th, 2009
10:46 AM ET
5 years ago

Obama at G-8: Full recovery 'still a ways off'

L'AQUILA, Italy (CNN) – President Obama said Friday that leaders of the industrialized nations have agreed to continue fueling economic growth while strengthening regulatory measures but they also realize that full recovery is "still a ways off."

Obama listed some of the achievements of the Group of Eight summit this week in Italy as the conference neared the end, and he stressed the need for collective action.

In addition, the G8 nations agreed to stop the spread of nuclear weapons, set goals for reducing carbon monoxide emissions and invest $20 billion in food security. That money is in addition to humanitarian aid already provided.

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Filed under: Economy • President Obama
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