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Jobs at the centre of G20 objectives

14 Mar 14  | Business Support |  Recruitment News

The creation of a "significant" number of jobs is at the centre of the G20's aim to add US$2 trillion to the global economy in just five years, reports.

In the most recent meeting of representatives from the world's most prominent economies (responsible for about 85 per cent of the global wealth), a target was set of raising the economic growth rate by at least two per cent before 2019, which equates to some US$2 trillion.

The success of this relies on the creation of new jobs, with early estimates showing that it could end up totalling tens of millions the world over. A case study presented to the G20 shows that the UK is a strong driver of this growth, along with the US, Japan and China.

More can be done, though, as a statement from the G20 explains:  "We commit to developing new measures in the context of maintaining fiscal sustainability and financial sector stability, to significantly raise global growth."

Cited by, it adds: "We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than two per cent above the trajectory implied by current policies over the coming five years. This is over US$2 trillion more in real terms and will lead to significant additional jobs."

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