G20 summit in Brisbane to focus on economy growth

G20 summit in Brisbane to focus on economy growth

PanARMENIAN.Net - World leaders are arriving in Australia for this weekend's G20 summit in the Queensland city of Brisbane.

The two-day summit, attended by the U.S., Chinese and Russian leaders among others, will focus on promoting growth, BBC News reports.

Australian Prime Minister Tony Abbott said leaders would discuss job creation, identifying tax cheats and strengthening the global economy.

Tensions with Russia over Ukraine will also draw attention, while campaigners want climate change on the agenda.

In Brisbane, local government workers have been given a day off because of the number of travel restrictions in place. Thirteen world leaders are due to arrive in the city on Friday, Nov 14.

Some 6,000 police will be deployed to maintain security. Twenty-seven different groups have been given permits to protest at designated areas, with thousands of people expected over the weekend.

Australia has emphasized that the summit will concentrate on the economy.

"Six years ago, the impacts of the global financial crisis reverberated throughout the world. While those crisis years are behind us, we still struggle with its legacy of debt and joblessness," Abbott wrote in an article ahead of the summit.

"The challenge for G20 leaders is clear - to lift growth, boost jobs and strengthen financial resilience. We need to encourage demand to ward off the deflation that threatens the major economies of Europe."

Leaders are expected to expand on plans agreed in February at the G20 finance ministers' meeting to boost global economic growth by 2% in five years.

"To achieve this goal, G20 members have identified almost 1,000 new measures in their domestic growth strategies," Abbott wrote.

Tax avoidance by major multinationals will also be discussed, with Australian Treasurer Joe Hockey promising "very aggressive approaches".

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