IMF Lagarde: G-20 $2 Trillion Growth Plan Realistic

An “action-oriented” plan by the G-20 to add an extra two percentage points to global growth over five years has a good chance of succeeding, International Monetary Fund chief Christine Lagarde said on Sunday.

Speaking at a meeting of the Group of 20 world economies in Sydney, Lagarde also praised Australia’s presidency of the gathering.

The G-20 said in a communiqué on Sunday that they would develop policies to lift their collective gross domestic product by an additional 2 percent over the coming five years, generating over $2 trillion in additional output and creating tens of millions of new jobs.
“We believe that if the reforms that have been identified are adhered to and delivered by the various authorities then that is a goal that can be achieved and possibly exceeded,” Lagarde told reporters on Sunday.

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