World economy – G20 wants to boost economy – Frankfurter Rundschau

World economy – G20 wants to boost economy – Frankfurter Rundschau

September 21, 2014

Australian Finance Minister Joe Hockey speaks at the start of the meeting of the G20 countries in Cairns, Australia. Photo: AP

The G20 countries agreed to boost the global economy by investing. Overall, the measures by 2018 to bring about a growth of 1.8 percent.

Cairns (Australia) –

With the help of investment, the G-20 countries want to boost their economy. Finance ministers and central bankers of the 20 major industrialized and emerging countries (G-20) decided at the weekend in Cairns, Australia, a package of about a thousand measures to bring an additional 1.8 percent growth in the economic performance of Member States in respect of previous forecasts to 2018 . The aim million new jobs will be created.

, published on Sunday final declaration of the meeting it was said that in some key areas, the economy has regained strength. Overall, growth in the world is but uneven and weaker than needed. There were urgent investments needed to increase demand, to increase growth and thus create “much needed jobs.”

The finance ministers agreed on about a thousand measures. According to analyzes of the International Monetary Fund (IMF) and the Organization for Security and Cooperation in Europe (OSCE), these measures will enhance our joint gross domestic product by an additional 1.8 percent, “it said in the final declaration.

So that the Minister also failed to actually last year at the G-20 Summit of Heads of State and Government in St. Petersburg agreed target by 2018 to achieve additional growth of two per cent., the next G-20 summit to take place in November in Brisbane, Australia. meantime, the Treasury will find according to their final statement further measures that still the two-percent goal can be achieved.

The Summit of Heads of State -. and government should despite the ongoing crisis in the Ukraine and the Russian leader Vladimir Putin Participate in discussions “with a number of members” became clear “that we of course Russia’s participation in the G-20 summit expect,” said the Australian Treasurer Joe Hockey in Cairns. At the beginning of the month Australia had declared that there is an exclusion Putin of the summit in November check, but could not the decision to host cases alone.

Russia was after the annexation of the Crimean peninsula in March from the group of eight industrialized nations (G-8) were excluded. Therefore an originally planned in Russia G-8 Summit took place in mid-June G-7 format in Brussels. Australia’s Prime Minister Tony Abbott repeatedly condemned the actions of Russia in Ukraine conflict – especially after a passenger plane from Malaysia Airlines had been shot down by alleged pro-Russian separatists on the Eastern Ukraine in July. Among the 298 dead and 38 Australian citizens.

were another important topic of the meeting of finance ministers and central bank governors was the Ebola epidemic in West Africa. This threatens the growth and stability in the countries concerned, it was in the final declaration. It must necessarily be fast coordinated international assistance. Since the outbreak of the disease in Sierra Leone, Guinea, Liberia and died more than 2600 people to Ebola. (Afp)