G-20 Report On Strong, Sustainable, Balanced, and Inclusive Growth
A report released by the International Monetary Fund (IMF) details the strength and steadiness of global expansions, however financial vulnerabilities and progress towards more inclusive growth still remain a challenge.
Key highlights from the report include:
- The G-20 economies continue to grow strongly for now, but risks are increasing and progress toward more balanced, sustainable, and inclusive growth is slow.
- Policies should focus on building buffers and enacting reforms for lasting and more widely shared growth.
- Simulations suggest that, while building buffers reduces growth over the short term, structural reforms will increase productivity and help lift the level of GDP by about 4 percent relative to the baseline over the longer term.
- The global economy relies on an open and rules-based international trading system, whose modernization should continue.