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G-20 leaders reveal details of global growth plan

Sunday, 16 November 2014


Under pressure to jolt the stubbornly lethargic world economy back to life, leaders of G-20 nations on Sunday finalised a plan to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade. The fanfare, however, was overshadowed by tensions between Russian president Vladimir Putin and Western leaders. The communique from the summit of Group of 20 wealthy and emerging economies also revealed that the plan for jumpstarting growth includes the creation of a global infrastructure hub that would help match potential investors with projects. They also aim to reduce the gap between male and female participation in the workforce by 25 per cent by 2025, according to AP.