EU memo shows G20 economies will miss their target of creating added economic growth through reform efforts by 2018
- In 2014, the G20 agreed to increase growth by a minimum of an extra 2% over 5 years via reform efforts, which was expected to add $2T to the global economy.
- The document prepared for the G20 in Washington on April 20-21st said: "It seems likely that we will not reach our 2-in-5 growth ambition by 2018. We should reflect on the appropriate communication around our 2-in-5 objective and build a shared assessment and understanding of why we have not fully delivered."