Plans to meet the global target of 2% growth is underway as over 900 policy initiatives are set to add $2 trillion to the world’s economy, according to G20 finance ministers who gathered for the recently concluded G20 Finance Summit in Cairns.
Treasurer Joe Hockey has praised the G20, stating that they have “embraced a once – in – a – century opportunity” as it pushes reform in international tax and the global financial system while removing barriers in investments. The G20 is supported by the International Monetary Fund, with a 1.5% to 1.9% growth expectation for the next five years provided that the G20 stays true to their targets.
Read more about this on the Sydney Morning Herald website.
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