Ensuring everyone shares in the benefits of the
G20's 2% Growth Target
The G20’s two percent growth target is projected to boost world GDP by a staggering USD2 trillion dollars over the next five years. We commend the commitment to growth but question where this USD2 trillion will go? Will it go to those who need it most?
While a general commitment to growth across the G20 is necessary, we encourage leaders to recognise the central importance of inclusive growth. The evidence is mounting that rising inequality could act as a significant brake on future economic growth and prosperity.
The report recommends G20 Leaders:
- Reaffirm their commitment to inclusive growth made at the St Petersburg Summit in 2013.
- Ensure growth benefits the poorest households with a ‘two percent inclusive growth target’.
- Assess the distributional impacts of major economic reform measures proposed as part of the two percent growth target.
Read the full report here