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    G20's GDP Set to Grow by 2% by 2018: G20 Leaders' Summit Communique

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    G20 Summit 2014 in Australia's Brisbane (41)
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    GDP of G20 countries will increase by two percent by 2018.

    BRISBANE, November 16 (Sputnik) — G20's GDP is set to increase by two percent by 2018, G20 leaders announced in a communique Sunday.

    "This year we set an ambitious goal to lift the G20's GDP by at least an additional two per cent by 2018. Analysis by the IMF-OECD indicates that our commitments, if fully implemented, will deliver 2.1 per cent. This will add more than US$2 trillion to the global economy and create million of jobs," the communique stated.

    According to the communique, special attention is being paid to the increase of the investment volume, trade and competition.

    "Our measures to lift investment, increase trade and competition, and boost employment, along with our macroeconomic policies, will support development and inclusive growth, and help to reduce inequality and poverty," the communique added.

    Over the weekend, the city of Brisbane has seen world leaders and around 4,000 delegates visiting Australia in a bid to find a solution to a number of world issues. Global financial recovery, the Ebola virus epidemic and climate change are among the challenges discussed during the two-day summit.

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    G20 Summit 2014 in Australia's Brisbane (41)

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    European Union, GDP, economic development, G20 summit
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