UPDATE Draft: G-20 will produce plan for global growth

By: Associated Press Email
By: Associated Press Email

A draft of the statement to be released Tuesday by the leaders of the world's largest economies says the G-20 has produced a coordinated global plan for job creation, which it calls the top priority in fighting the effects of the European economic crisis.

The draft obtained by The Associated Press on Monday says "we are united in our resolve to promote growth and jobs."

It says the leaders will announce the "coordinated Los Cabos Growth and Jobs Action Plan" to achieve those goals, although the draft does not provide details of the plan. It throws its support specifically behind greater government spending as a response to a worsening global economy and says that countries with the budget resources stand ready to spend more.

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