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G20 Leaders Pledge To Grow Their Economies By 2.1%

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http://www.bbc.co.uk/news/world-australia-30072674

Australian Prime Minister Tony Abbott has closed the G20 summit by detailing economic pledges agreed by world leaders.
The leaders agreed to boost their economies by at least 2.1% by 2018, adding $2 trillion to global economies.
Much of the summit focused on Russian President Vladimir Putin's position on the crisis in Ukraine.
Mr Putin faced fierce criticism and left the meeting before it ended, but said the summit was "constructive".
Mr Putin said he was leaving before the release of the official communique, citing the long flight to home to Russia and the need for sleep.


Central planners may have lost the cold war, but they won the financial crisis.

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Ah the magic minimum of 2% .... growth has been set at 2.1% so all will be well.

so you have(official) inflation running at 3.5%

then all of the shops put their prices up

hey presto, better results for the stockmarket...and GDP growth...magic

(minus inflation it's treading water at best, going backwards at worst.

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I'd be more interested if they could promise to turn all under 25 women into big knockered porn starlets.

They might have well as promised that as their control over their economies is limited to reducing public spending from quite high levels. They seem very reluctant to do that. What else can they do - pick winners (British Leyland, Concorde)

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how?

By whatever it takes...think Krugman and alien invasions.

Who cares about the mass squander of resources for unproductive uses, its 2.1% that matters

2.1!

Yeah, 2.1, woowoo 2.1

zombie_2728573b.jpg

Incidentally, anyone else find the significance of 2.1 somewhat sinister...2.1 children replacement rate, agenda 21 etc. Why no a nice round 2? What is it with these zombie globalists?

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By whatever it takes...think Krugman and alien invasions.

Who cares about the mass squander of resources for unproductive uses, its 2.1% that matters

2.1!

Yeah, 2.1, woowoo 2.1

zombie_2728573b.jpg

Incidentally, anyone else find the significance of 2.1 somewhat sinister...2.1 children replacement rate, agenda 21 etc. Why no a nice round 2? What is it with these zombie globalists?

Don't get paranoid, now. They plucked a figure out of the air and it had to be point something because a round percentage looks like, er, a figure plucked out of the air.

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I was following things there, mostly intrigued by Russia's use of the fleet, these day.

Vladimir Putin stations Russian warships off Australia's coast ahead of G20

The Associated Press: Nov 14, 2014

[..]He raised eyebrows last month when he declared he intended to "shirtfront" Putin, using an Australian football term for a head-on shoulder charge to an opponent's chest.

Abbott has pushed to keep the G20's agenda firmly focused on a plan to add $2 trillion US to global GDP over five years, with countries expected to present reports on how they will achieve that goal this weekend.

World Bank President Jim Yong Kim on Friday praised the G20, which is often criticized for being all talk and no action, for setting a clear target.

"We'll see what the results are, but we're already encouraged," Kim said. "If the countries will go through with the kinds of structural reforms that they've committed to, we could see a real bump in growth."

Australian Treasurer Joe Hockey has said the group will focus on infrastructure investment to help meet the goal. The World Bank estimates the financing infrastructure gap in developing economies is more than $1 trillion per year.

http://www.cbc.ca/news/world/vladimir-putin-stations-russian-warships-off-australia-s-coast-ahead-of-g20-1.2835021

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3.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 millions of jobs. 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 action plan sets out some nice woolly actions to achieve this

https://www.g20.org/sites/default/files/g20_resources/library/brisbane_action_plan.pdf

In summary:- Increasing investment, especially in infrastructure and increasing participation of women in the work force.

Germany, China, Russia, UK etc will now go away and ignore it all..........

Edited by R K

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is it 2.1% over 5 years? or 2.1% per year?

Ha, it depends what they are able to get! Just make it up as they go along :P Seriously though, it's a overall increase over the next 4 years?! Ok, I still don't know what they mean!

Edit: mistake!

Edited by renting til I die

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I was following things there, mostly intrigued by Russia's use of the fleet, these day.

Nobody in his right mind would trust the current leaders of the 'free world' so Putin had to make sure everybody understood what was going to happen if something happened to him at the G20 meeting.

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