U.S. President Barack Obama says all
major economies must find new areas of growth to replace those that triggered
the global economic crisis.
Mr. Obama was speaking Tuesday after talks with Australian Prime Minister Kevin Rudd at the White House. The president said he and Mr. Rudd agree that clean energy can be a new source of economic growth with "enormous potential."
He also said he is very confident that his administration can work with other major economies at a summit in London next month to stabilize the financial system.
The U.S. president said he expects the Group of 20 summit to agree on a new framework to regulate financial instruments that pose a risk to global markets. But he said many regulatory issues are highly technical and may not get resolved immediately.