Innovance
We at Innovance Technologies are pleased to hear that the 20 biggest economies of the planet reached an agreement concerning a pack of measures aiming to boost growth worldwide by 2.1% by 2018.
The growth pack primarily seeks to increase economic activity in infrastructure and world trade, and aspires to add a grand total of more than 2 trillion US dollars to the global economy, adding many jobs and increasing international trade.
Australian Prime Minister Tony Abbott confirmed that the progress and sound implementation of the pack will be monitored by the International Monetary Fund and the Organization for Economic Co-operation and Development (OECD).
Furthermore, we welcome the call of the world leaders for a strong and effective action to address climate change, ahead of the climate conference in Paris in 2015.
It is of growing concern though that the ongoing standoff between the Russian Federation and the West is continuing, and may lead to any further sanctions and/or isolation of the Russian Federation, one of the world’s biggest economies, which would cause a slowdown in international trade and business.
We look forward to the upcoming European Council Summit where a €300 billion investment plan for growth and jobs for the next two years will be discussed.