BRICSleaders applaud as their ministers hold the agreement.
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The leaders of five of the world's rising powers ended a two-day summit Sunday with a pledge to speed global economic recovery as well as fight terrorism and extremism, forces that they said pose a threat to regional and international peace and stability.The group, which represents nearly half of the world's population and a quarter of its economy, with a combined annual GDP of $16.6 trillion, renewed its commitment to speed global recovery by investing in infrastructure projects and the manufacturing sector.The thrust of the declaration reflected the flagging economic fortunes of the BRICS countries in recent years due to the global slowdown.The Chinese economy has slowed to its slowest pace in 25 years, although its 7 percent growth rate places it among the fastest-growing global economies.
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