Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Economic Summit Under Way in Canada VOA News 26 June 2010 General view of a G8 summit working session at the Deerhurst Resort in Hunstville, Ontario, 26 Jun 2010 Photo: AFP General view of a G8 summit working session at the Deerhurst Resort in Hunstville, Ontario, 26 Jun 2010 Leaders of the world's biggest industrial nations are meeting in Canada, trying to find ways to sustain an uneven economic recovery that is showing signs of fading. Members of the Group of Eight met privately Saturday before expanding their session to include leaders of the world's top developing economies. The G8 leaders' summit took place at a resort in Muskoka (Canada), north of Toronto. The G20 sessions later in the day will take place in Toronto. U.S. officials say the big economic powers are coming closer to consensus on how to prevent the global economy from falling back into recession. President Barack Obama, German Chancellor Angela Merkel and French President Nicolas Sarkozy are among the leaders at the Muskoka talks, hosted by Canada's Prime Minister Stephen Harper. Mr. Obama has been urging national governments to stimulate economic growth, while European leaders, led by Germany, have put the focus on fiscal responsibility and spending cuts.  Mr. Obama and others say they are concerned that cutting spending too drastically could stifle economic growth. Chancellor Merkel has denied reports of conflict over economic policy. She said the G-8 discussions were based on mutual understanding, without controversy. Officials say security issues, including concerns about Iran and North Korea, were expected to play a large part in Saturday's talks. Mr. Obama is scheduled to hold a series of one-on-one meetings with British Prime Minister David Cameron, Chinese President Hu Jintao and South Korean President Lee Myung-bak, among others. The countries in the G20 account for 90 percent of the global economic output and 80 percent of world trade. In addition to the G8 nations - the United States, Britain, France, Germany, Italy, Japan, Canada and Russia - the larger group includes Brazil, China, Indonesia, Mexico, Argentina, Australia, India, Saudi Arabia, South Africa, South Korea, Turkey and the European Union. Some information for this report was provided by AFP and AP. .