Washington (CNN) Leaders of the world's advanced economies agreed Monday to coordinate their response to a growing coronavirus pandemic even as fractures emerge between Europe and the United States over travel restrictions and efforts to develop a vaccine.

In a morning videoconference, the Group of 7 leaders agreed to pool some medical resources and align their central banks as the virus causes major lockdowns and sends shockwaves through the global economy.

"By acting together, we will work to resolve the health and economic risks caused by the COVID-19 pandemic and set the stage for a strong recovery of strong, sustainable economic growth and prosperity," the group wrote in a joint statement issued after the call.

Trump said at a White House briefing later in the day that it "looks like" the G7 summit will still be able to be held at Camp David in June, but later hedged a bit more saying, "I think so, so far it seems. We haven't even discussed that. It's still a ways off."

Trump said the G7 summit did not come up on the call, saying it is "still a ways off." Earlier in the briefing, Trump said that the outbreak could last until July or August, or perhaps even longer.

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