G20 agrees on ambitious global growth plan





The stewards of the world’s largest economies have agreed to an ambitious plan that aims to boost global output in the Group of 20 countries by an additional $2-trillion (U.S.) over the course of the next five years, an unprecedented agreement that Canada played a key role in brokering.

Finance ministers and central bankers that together control around 85 per cent of the world economy vowed at the economic conference in Sydney to implement concrete policies and structural reforms in their own countries that would grow global gross domestic product by an additional 2 per cent on average. It’s a soft target that would come in increments of 0.4 per cent a year above current trajectories; if achieved, it could generate tens of millions of extra jobs.

Source: The Globe and Mail

About the Author
Moses M'Bowe, is the Chief International Correspondent, For New Africa Business News And New Africa Daily News.

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