{
  "title": "G-20: Five Ways to Spark Growth",
  "publication": "IMF Blog, July 21, 2016",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth",
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  "summary": "Publication: iMFdirect",
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    {
      "heading": "Overview",
      "content": "- Publication: iMFdirect\n- Date: July 21, 2016\n- Core message: Weak and fragile global growth requires a broad-based policy effort to contain risk and reinvigorate growth in both the short and longer term."
    },
    {
      "heading": "Current global outlook and risks",
      "content": "- IMF update to the global economic outlook expects global growth at 3.1 percent and 3.4 percent in 2016 and 2017, respectively.\n- The global outlook was revised downward relative to April estimates, reflecting increased economic, political, and institutional uncertainty.\n- The U.K. referendum (“Brexit”) has set back prospects and increased uncertainty.\n- Additional concerns: potential for social tensions, risk of protectionism, and increasing geopolitical risks that could threaten the global recovery."
    },
    {
      "heading": "Five main areas to rev up growth (IMF staff note for the G-20)",
      "content": "- Reducing uncertainty around “Brexit” and its repercussions, through a smooth transition to a new relationship between the United Kingdom and the European Union that as much as possible preserves gains from trade.\n- Implementing a stronger and more balanced set of economic policies that exploits policy synergies of well-sequenced structural reforms with growth friendly fiscal policy and continued monetary support.\n- Addressing the post-crisis debt overhang that saddles advanced economies and the rising corporate debt that burdens many emerging economies.\n- Lifting long-term growth and making it more inclusive, through structural reforms by making workers and business processes more productive.\n- Reinvigorating trade, making sure that the gains from trade are widely shared, and reviving the spirit of multilateralism, including to address geopolitical spillovers that could threaten the global recovery."
    },
    {
      "heading": "G-20 growth strategy emphasis",
      "content": "- The G-20 growth strategy stresses the need for more inclusive and sustainable growth.\n- The bottom line: strong global growth will not return without decisive policy action.\n\nCross-sector — iMFdirect, July 21, 2016\n\n---\n\n Content in this bundle\n\n- G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China\n  - G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- update\n\nSource: https://www.imf.org/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth"
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    "Authors: iMFdirect",
    "Published: July 21, 2016",
    "Publication: iMFdirect",
    "Date: July 21, 2016",
    "Core message: Weak and fragile global growth requires a broad-based policy effort to contain risk and reinvigorate growth in both the short and longer term.",
    "IMF update to the global economic outlook expects global growth at 3.1 percent and 3.4 percent in 2016 and 2017, respectively.",
    "The global outlook was revised downward relative to April estimates, reflecting increased economic, political, and institutional uncertainty.",
    "The U.K. referendum (“Brexit”) has set back prospects and increased uncertainty.",
    "Additional concerns: potential for social tensions, risk of protectionism, and increasing geopolitical risks that could threaten the global recovery.",
    "Reducing uncertainty around “Brexit” and its repercussions, through a smooth transition to a new relationship between the United Kingdom and the European Union that as much as possible preserves gains from trade.",
    "Implementing a stronger and more balanced set of economic policies that exploits policy synergies of well-sequenced structural reforms with growth friendly fiscal policy and continued monetary support.",
    "Addressing the post-crisis debt overhang that saddles advanced economies and the rising corporate debt that burdens many emerging economies.",
    "Lifting long-term growth and making it more inclusive, through structural reforms by making workers and business processes more productive.",
    "Reinvigorating trade, making sure that the gains from trade are widely shared, and reviving the spirit of multilateralism, including to address geopolitical spillovers that could threaten the global recovery.",
    "The G-20 growth strategy stresses the need for more inclusive and sustainable growth.",
    "The bottom line: strong global growth will not return without decisive policy action.",
    "**G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China**",
    "[update](http://www.imf.org/en/News/Articles/2016/07/18/18/11/NA07192016-IMF-Cuts-Global-Growth-Forecasts-on-Brexit-Warns-of-Risks-to-Outlook)"
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