G8 business leaders to meet on growth, jobs

Berlin, Oct 17 (DPA) The group of eight (G8) business leaders are planning to hold a special meeting in December to discuss boosts to global economic growth and jobs, industry groups said Friday.

Industry associations representing Germany, France, England, Italy and the US decided at a gathering in Paris to hold the meeting. The European business umbrella group, Business Europe, also attended the meeting in Paris.

The announcement of the meeting come against backdrop of the world economy facing up to the biggest crisis since the Great Depression.

'The global market place in which our companies operate needs a better regulatory framework,' said the president of the German Federation of Industry (BDI) Juergen Thumann.

The world's emerging economies are also to be represented at the December meeting with the decision to hold the gathering following moves to closer ties between the G8 business groups which were set in motion at last year's G8 meeting in Germany.