Concerted fiscal expansion

We are undertaking an unprecedented and concerted fiscal expansion, which will save or create millions of jobs which would otherwise have been destroyed, and that will, by the end of next year, amount to $5 trillion, raise output by 4 per cent, and accelerate the transition to a green economy.

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The G-20 London Summit 2009
G-20 Summit Communiqué
Restoring growth and jobs
Concerted fiscal expansion
Figure is deceptive as much of this has been spent already
No commitment to IMF goal of 2% GDP fiscal boost
Pools together existing measures
Ensure long-term fiscal and price stability
Exceptional action by central banks
Refrain from competitive devaluation of currencies
Restore domestic lending and international capital flows
Graph of this discussion
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