Australia Finance Chiefs and Treasurer Joe Hockey

Treasurer Joe Hockey: Australia Finance chiefs from the 20 largest economies agreed Sunday to implement policies that will boost world GDP by more than $2 trillion over the coming five years, according to The Chronicle Herald. The world economy has sputtered since the 2008 financial crisis and global recession that followed. Progress in returning economic growth to pre-crisis levels has been hampered by austerity policies in Europe, high unemployment in the U.S. and a cooling of Chinas torrid expansion and Australian Treasurer Joe Hockey, who hosted the Group of 20 meeting in Sydney, said the commitment from the G-20 finance ministers and central bankers was unprecedented. (www.immigrantscanada.com). As reported in the news.