World leaders to meet on economy in Washington - WKOW 27: Madison, WI Breaking News, Weather and Sports

World leaders to meet on economy in Washington


WASHINGTON (AP) -- World leaders will gather Nov. 15 in Washington for a summit to discuss the global economic crisis.

  A senior administration official said Wednesday that the forum will be the first in a series of international meetings to discuss what economists predict could be a long and deep downturn.

  President Bush, French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso issued a statement last weekend that said the first such summit would focus on progress being made to address the current crisis and reforms needed to avoid a repetition of the problems.

  The later summits will be designed to implement specific steps on the principles of reform.

  The location of the summit has not been announced.

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