PM warns on global growth targets

PM warns on global growth targets

By Annabel Hepworth - The Australian

He suggested the shortfall could be a factor of almost a half. “It seems that the measures in each individual country’s national plan collectively would add a little over one per cent to growth over the next five years,” Mr Abbott said. “We are going back to each country asking them to be a little bit more ambitious.

Asked if he would make good on Joe Hockey’s threat to “name and shame” countries that fall behind on the ambitious target, he said: “I'm confident that all countries are serious about boosting their growth because more growth means more prosperity, more jobs. “And every national leader is serious about delivering more prosperity, mo jobs to his or her citizens.

Prime Minister Tony Abbott will urge the world’s biggest economies to be “more ambitious” in meeting growth targets, warning they could fall well short of a plan to accelerate global growth.

Read more here: Business Spectator


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