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To: Ron Wilkinson who wrote (11760)	5/17/1998 1:49:00 PM
From: goldsnow	Respond to of 116895

G7, confident on inflation, looks for growth-Prodi 06:40 p.m May 16, 1998 Eastern BIRMINGHAM, England, May 16 (Reuters) - Leading industrial nations are confident that inflation is in check and are looking at ways to reduce unemployment by spurring domestic demand, Italian Prime Minister Romano Prodi said on Saturday. Prodi told Reuters Television that leaders of the leading industrial nations agreed during their annual summit that the current state of the global economy was healthy and the long-term prospects bright. ''Therefore we can be confident about trying to achieve stronger economic growth -- I mean we explicitly talked about stimulating consumer demand. This means we are not afraid of inflation, and this is what we were looking for to help employment,'' Prodi said. In a statement issued after talks on Friday, the Group of Seven industrial nations said conditions varied across the group. Growth had been strong in the United States, Canada and Britain, while Japan had unveiled a pump-priming package that leaders warmly welcomed. In Germany, France and Italy, they said, growth had picked up momentum but it was important that it be increasingly supported by domestic demand, which would have a positive effect on jobs. ''Our common view on the world economy and future chances for employment are very good. The prospects are for steady growth without inflation,'' Prodi, speaking on the second day of the three-day summit, said. - Birmingham summit newsroom 44 121 616 1978 (For all news on the G8 summit, please click on GLANCE/G8 ^REUTERS@