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Can G20 heads fix world economy?

By Faisal Islam

Updated on 15 November 2008

Early hints from the G20 summit suggest world leaders have agreed on relaunching the global economy and tighter financial regulation.

At the Washington gathering, the presidents, kings and prime ministers discussed how to revive global economic activity.

It is an unprecedented and astonishingly powerful gathering. It is the first time leaders of the world's 20 most important economies - 19 countries and the European Union - have gathered.

They represent economies with nearly 90 per cent of the world's wealth.

Their final pronouncement is due soon, but we assess if their proposed package will work and what they might be missing.

But with so many different nations involved, solving the world's economic problems was never going to be easy.

Lionel Barber and Will Hutton

Lionel Barber, editor of the Financial Times and Will Hutton, chief executive of The Work Foundation join Carl Dinnen.

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