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G20 Hamburg action plan

G20 Hamburg action plan

The Hamburg Action Plan sets out the G20’s strategy for achieving strong, sustainable, balanced and inclusive growth. Participants believe that closer partnership and action by G20 members will boost confidence and contribute to shared prosperity. Actions laid out here aim to contribute to meeting the aspirations of our citizens for a better quality of life for their families, communities and future generations. So this Action Plan was developed against a backdrop of improving growth and job prospects. The global economic recovery is progressing and gaining momentum. Investment has picked up, and trade and manufacturing are showing signs of recovery. However, the pace of this growth is still weaker than desirable, and downside risks remain. Weak productivity growth, income inequality and ageing populations represent challenges to growth in the longer term. Participants remain strongly committed to full implementation of our policy actions. At the same time, evolving global economic and policy conditions warrant new responses. Building on past initiatives in growth strategies, the Hamburg Action Plan includes new policy actions to tackle challenges in our economies, focusing on initiatives that foster inclusive growth, enhance resilience and further our efforts to implement structural reforms.