CAIRNS (AFN / RTR) – the 20 most influential industrial countries are not yet certain how the economic growth in the period up to 2018 should be increased by 2 percent. That turned out Sunday after a meeting of finance ministers and central bankers from the G20 in the Australian city of Cairns.
so far agreed measures to ensure extra 1.8 percent growth. The G20 countries seek primarily in additional investment, particularly in infrastructure. Which should boost the economy and employment in the coming years an extra boost.
To get to the target 2 percent, according to countries like the United States, particularly in Europe more haste to do with incentives. Particularly in Germany, disagreed, and continues to insist on reforms and fiscal discipline.
Headwind
“My concern is that if efforts to stimulate demand to be delayed too long, there is a risk is that the wind is stronger, and what Europe needs is some tailwind for the economy,
The loose monetary policy of the European Central Bank (ECB) has been able to make the period of weak domestic demand and low inflation in the eurozone no end . ECB President Mario Draghi called for stronger euro countries like Germany last month to pull to help the economy. Forwards already on the wallet
Tighter tax rules
The G20 also continued to stricter tax rules for large companies. Now there are more flight options for multinationals via letterbox firms in countries with a tax-friendly environment. With better alignment of rules and exchange of information that need to be closed loopholes in the law.
In November in Brisbane the next Summit of Heads of State and Government of the G20. Then need to be cut. Buttons
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