G20 Leaders Aim to Add 2 Percent to Global Growth by 2018
- G20 leaders aim to use all policy tools to fight global economic slowdown
- Policy makers want to boost aggregate output by an additional 2% by 2018
- Leaders want transparent policy decisions so ensure markets not surprised
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A draft communique from the G-20 summit said that the political leaders will use all of their policy tools to fight against slowing global economic growth. The twenty largest economies want to boost aggregate output by an additional 2 percent by 2018.
The document noted that the shortcomings of global demand have weighed on prospective growth. It also pointed out that some developed economies have a positive outlook as opposed to the gloomy stance on emerging markets.
Volatility of the financial markets was also mentioned. The leaders said they want policy makers to “carefully calibrate” their decisions so that traders are not surprised.
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