“Canada’s message at the G-20 will be that economic growth and fiscal discipline are not mutually exclusive, they go hand in hand,” said Prime Minister Harper. “I urge all G-20 members to follow through on their Cannes Action Plan commitments to address short-term risks and to ensure long-term growth and prosperity.”
At the Summit, Prime Minister Harper will urge coordinated actions to respond to near-term risks to the global economy and to promote robust growth and job creation. He will also urge G-20 members to follow through on reforms to make the financial system stronger and more resilient. He will reaffirm Canada’s commitment to open markets and a fair, strong and rules-based trading system.
The Prime Minister will emphasize Canada’s balanced stimulus and deficit reduction measures undertaken as part of Economic Action Plan 2012. These and previous measures have led Canada to have one of the strongest GDP and employment growth rates in the G-7 countries since the beginning of the global economic downturn in 2008.
The G-20 is the premier forum for international economic cooperation. Together, the members of the G-20 account for over 85 percent of the world economy and two thirds of the world’s population. Through coordinated approaches to global financial and economic challenges, the G-20 helps to advance international economic stability, growth, jobs and prosperity.