## G-20: Five Ways to Spark Growth

_IMF Blog, July 21, 2016_

## Source details

**Canonical URL:** [G-20: Five Ways to Spark Growth](https://www.imf.org/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth)

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- [Markdown version](/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth/index.md)
- [Structured JSON version](/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth/index.json)
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## Bibliographic details
- Authors: iMFdirect
- Published: July 21, 2016

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### Overview
- 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.

### Current global outlook and risks
- 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.

### Five main areas to rev up growth (IMF staff note for the G-20)
- 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.

### G-20 growth strategy emphasis
- 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.

*Cross-sector — iMFdirect, July 21, 2016*

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## Content in this bundle

- **G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China**
  - [G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China (Markdown version)](/external/np/g20/pdf/2016/072116.pdf.md){rel="alternate" type="text/markdown"}
  - [G-20 Finance Ministers and Central Bank Governors’ Meetings; July 23–24, 2016; Chengdu, China (PDF)](/external/np/g20/pdf/2016/072116.pdf){rel="external" type="application/pdf"}

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## References

- [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)

_Source: https://www.imf.org/en/blogs/articles/2016/07/21/g-20-five-ways-to-spark-growth_