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Global Economy recovery still fragile: PM

New Delhi: Ahead of the G-20 Summit in Toronto, Prime Minister Manmohan Singh on Friday said it was necessary for the global economy to continue to recover in a stable and predictable manner without succumbing to protectionist tendencies.

“We need investment and capital flows, as well as an open and rule based trading system that does not succumb to protectionist tendencies,” Singh said in a statement before his departure for the two-day Summit from tomorrow during which he will also have talks with US President Barack Obama and other leaders.

Cautioning that the recovery of the global economy was ‘still fragile and uneven’ with new ‘worrying signs emerging in the Euro zone’, Singh said the challenge for the Toronto Summit will be three-fold.

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