Brisbane's strategy will be discussed at the G20

G20 leaders

Brisbane's strategy will be discussed at the G20

World economic growth is forecast to reach 3.3%, according to the IMF.

High level Conference of the Group of 20 countries or the G20 in Brisbane, Australia,will produce a strategy to spur the growth of the world economy.

As reported in the BBC journalist James Landale, Brisbane, the Finance Ministers of the Member countries of the G20 to design a series of tactics that can terdongkrak global economic growth of 2% in 2018.

Such tactics will be poured in detail into the Brisbane ' Action Plan '.

"We cannot relax, the world requires growth," said Finance Minister Joe Hockey,Australia.

Among the various strategies designed, looseness of the bureaucracy is the one that is recommended in order to stimulate the private parties in investing in infrastructure.

"We've been doing is assigning the International Monetary Fund (IMF) and the World Bank to monitor and report on the performance of each country. So, for the first timewe put numbers as ambition, not words, "said Hockey.

According to the report, which was released prior to the G20 Summit was held, the IMF said the world economy is experiencing difficulties due to the sluggish economic growth in Europe and Japan.

Geopolitical tension factor and fragility on financial markets also have a share, said the IMF.

The effects, in the official prediction of world financial bodies, trim the growth of the world economy to 3.3% from 3.4%. (BBC)