The G20 agreed on plan to boost economic growth 2.1 percentage points above current predictions by 2018 at a summit in Brisbane on Sunday, according to dpa. Leaders of the group of key economies said raising living standards and creating jobs worldwide through growth was its highest priority. The plan outlined how it aims to achieve growth targets through 800 new measures to be implemented across member nations. The measures would boost investment, trade and infrastructure, create jobs and bring about a fair international tax system. G20 leaders also endorsed an energy efficiency plan and pledged to support effective action on climate change. An international infrastructure hub is to be set established in Sydney. "We welcome stronger growth in some key economies. But the global recovery is slow, uneven and not delivering the jobs needed," the G20 said. Risks in financial markets and geopolitical tensions were also weighing on the world economy, it added. The G20 estimates its targeted growth will add 2 trillion dollars and millions of jobs to the world economy.
