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Lew says global economic demand not ‘where it needs to be’

U.S. Treasury Secretary Jacob J. Lew said global economic demand “is not where it needs to be,” singling out Europe as a laggard and calling on leaders around the world to make job creation a priority.

“Growth in Europe remains weak, with domestic demand particularly anemic,” Lew said at an investment conference held by the Commerce Department in Washington today. “It is critical that surplus countries contribute more to demand as deficit countries undergo adjustment.”