BUSINESS

G20 Global Growth Plan To Boost GDP By $2 Trillion

11/16/2014 01:35 EST | Updated 01/16/2015 05:59 EST
BRISBANE, Australia - Leaders of the G20 nations finalized a plan Sunday to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade.

The communique issued at the conclusion of their summit in Brisbane, Australia says the leaders plan to jumpstart growth, in part, by creating a global infrastructure hub.

The plan will purportedly help match potential investors with projects, and also help reduce the gap between male and female participation in the workforce by 25 per cent by 2025.

Australia's Prime Minister Tony Abbott said countries will hold each other to account by monitoring implementation of their commitments to boost growth.

Abbott noted the leaders unanimously agreed that expanding global trade would directly benefit countries and people around the world.

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