TUESDAY, MAY 31, 1983; The Williamsburg Summit
The economic summit ended on a hopeful note, with the seven world leaders ''now clearly seeing signs of recovery.'' Without being specific, the final communique called for steps to reduce inflation, interest rates and budget deficits. In a tradeoff, the leaders agreed to the possibility of a conference on monetary changes, a French goal, and said budget deficits should be cut through lower expenditures, the Reagan view. (Page A1.)