G20 Leaders’ Summit in Ankara
ILO Director-General welcomes G20 breakthrough on tackling inequality, says focus should now be on implementation
G20 Leaders adopt comprehensive agenda for achieving “strong, sustainable and balanced growth” to promote inclusiveness and reduce inequalities.
6th meeting of Ministers of Tourism of G20
G20: Facts and figures
- Annual economic growth in the G20 as a whole averaged only 3.2 per cent over the last three years, well below the rate of 4.1 per cent registered in the pre-crisis period.
- The G20 unemployment rate – which rose from 5.1 to 6.0 per cent between 2007 and 2009 – remained elevated at 5.8 per cent in 2014.
- This has resulted in an estimated shortfall of 50 million jobs across the G20 compared to the start of the crisis.
- Labour force participation rates have declined in several G20 countries, in part because discouraged workers have left the labour market.
- Overall, employment growth remains well below pre-crisis levels across the G20.
- Much of the net new employment created between 2009 and 2014 was part-time.
- Inequality has risen in most G20, reducing current and potential growth and working against Leaders’ goal of strong, sustainable and balanced growth and additional 2% growth.
ILO, OECD, World Bank group and IMF - September 2015
ILO, IMF, OECD, World Bank group - September 2015
ILO, OECD, World Bank - September 2015