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G20 aims to lift global GDP by over two percentage points by 2018

Published on Feb 23, 2014 2:03 PM

SYDNEY (AFP) - G20 finance ministers and central bank governors on Sunday said they aim to lift their collective GDP by more than two percentage points over the next five years.

In a communique following their meeting in Sydney, the world’s top economies said the “realistic” target could be achieved by increasing investment, lifting employment and enhancing trade.

"We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than two percent above the trajectory implied by current policies over the coming five years," they said.

"This is over US$2.0 trillion (S$2.54 trillion) more in real terms and will lead to significant additional jobs."

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