G20 vows to add $2 tn to world economy to lift growth | Bangkok Post: news

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G20 vows to add $2 tn to world economy to lift growth

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The world's biggest economies vowed Sunday to boost global growth by more than $2 trillion over five years, shifting their focus away from austerity as a fragile recovery takes hold.  

Germany's Federal Minister for Finance Wolfgang Schauble (2nd L) speaks at a press conference during the G20 Finance Ministers and Central Bank Governors meeting in Sydney, on February 23, 2014

Finance ministers and central bank governors from the Group of 20, which accounts for 85 percent of the world economy, also agreed to pursue greater transparency about monetary policy after rifts about the US taper.

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