A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Sunday, June 16, 2024

G20 reforms to boost global growth

G20 reforms to boost global growth
G20 reforms to boost global growth

(Sydney) – Business leaders in Australia on Friday called on G20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by $3.4 trillion and create millions of jobs.
The business chiefs, who are in Sydney for a two-day B20 summit, said their list of 20 recommendations, if adopted by G20 leaders would help them exceed the two per cent additional GDP target over five years that finance ministers agreed to in February.
“What we are recommending is mostly new structural reform measures that would deliver on the G20 growth target and form a blueprint for sustainable economic growth in the medium-term,” B20 Australia chair Richard Goyder said. “If G20 countries commit to these reforms, the gains will be large, but a failure by any of the G20 countries to commit will mean a significant opportunity cost.”
The recommendations call for the free flow of goods, services, labour and capital, an effective and transparent regulatory framework, as well as structural reforms that would boost trade and lift infrastructure investment.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE & Azerbaijan expand Economic Ties

Undersecretary of the Ministry of Economy, H.E. Abdullah Ahmed...

Secretary of State Blinken meets Indonesian Minsiter

Indonesian Defense Minister Prabowo Subianto met with US Secretary...

Labour Party’s election plans boost Markets

Britain's Labour party reveals manifesto for July 4 election,...

Minister highlights UAE’s climate change priorities

Dr. Amna Al Shamsi, UAE Minister of Climate Change...

Sheikh Mohammed Bin Rashid Presides Judicial Ceremony

His Highness Sheikh Mohammed bin Rashid Al Maktoum led...

Older Americans Groups Endorse Biden for Second Term

Three influential groups representing older Americans announced their endorsement...

London Stocks Surge on Rate Cut Hopes; Rentokil Leads Gains

London stocks rallied as hopes for interest rate cuts...

Sheikh Ahmed Bin Saeed Opens ATM Dubai

Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum opened...

UAE Minister reaffirms UAE’s growing ties with BRICS

Suhail bin Mohammed Al Mazrouei, UAE's Minister of Energy...