G20 needs to 'do things' to aid recovery: Zoellick
World Bank president Robert Zoellick on Tuesday called on the world's leading economies to act to keep the multispeed global economic recovery on track, despite their widely differing priorities.
"The best way for the G20 to show that it's alive and active is to do things," he said, placing heavy emphasis on the word "do."
Zoellick, speaking in a media conference call, was asked whether the Group of 20 advanced and emerging-market economies had become complacent amid the global recovery.
"I certainly hope the G20 hasn't become complacent because... we have no shortage of issues out there," he said, among them rising food and fuel prices, political unrest in the Middle East and the eurozone sovereign debt woes.
After cooperating to survive the 2008-2009 financial and economic crisis, it was "natural" that the G20 would have shifts in emphasis and priorities in the recovery stage, the World Bank chief explained.
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