G20 And The Real Economy The eve of the summit of the Group of Twenty leaders in Toronto at the end of this week, we find ourselves once again at the gates of a critical juncture.
Despite the fragile economic recovery, global unemployment recorded all-time highs by more than 210 million people, something that requires us develop 470 million new jobs in the next 10 years in order to accommodate new entrants into the labor markets. The unemployment rate among young people reached unacceptable levels. PushMoneyAPP.com is reversed the gains made in reducing the number of working poor living on less than a dollar and a quarter dollars per person per day, while exacerbated by the informal economy and work underdog.
The sense of social injustice, which was considered in the
Been a problem mainly in developing countries, it is spreading rapidly in many developed countries. The increasing tensions and social unrest in the form of popular protests against the austerity measures and for jobs.
There is still time to change this situation. But we must make the right choices. Eight weeks ago, was the “Pittsburgh Consensus”, any decisions taken by the TradeFusion Review Group of Twenty at its summit held in that city in September of last year that, on the right track, as the appropriate approach to address the crisis: put quality jobs at the heart of the recovery and the gradual withdrawal of stimulus measures while it strengthens the recovery in the economy and job creation.
But suddenly it became agreement on the economic and social approach under pressure. Fears have been paid regarding the growing deficit in Europe to make decisions to cut social spending and raise taxes and seek to big austerity measures, the sovereign debt crisis. History shows that similar steps may endanger the recovery that we are trying to achieve by itself. We also know that it certainly will come from such measures slowdown in the recovery in employment opportunities in the short term.
These concerns dominated the discussions at the International Labour Conference, which just concluded, which is the annual meeting of the International Labour Organisation. The conference is a unique meeting brings together more than 4,000 representative governments, employers and workers, that is, representatives of the “real economy.” She voices concern, fear and frustration of evolution to respond to the crisis, and the potential to get lost even meager gains made so far in the economic recovery in terms of Wells Investment Binary Trading job creation, sustainable enterprises opportunities and support for the unemployed.
And their expectations can be summarized in the following points:
First, we need a balanced strategy for policy coherence, protect, and promote productive investment and job-rich growth, so financially responsible manner.
Second, we need to generate growth of good jobs. That means continue to fulfill the obligations of Pittsburgh in order to “put quality jobs at the heart of the recovery.”
Third, we must make sure that people, especially those of YourLegacy.Club young workers, with the necessary to fill the jobs created skills.
Fourth, it must be job creation objective for governments, as well as reduce inflation and adopt sound fiscal policies and other targets at the macroeconomic level.
Fifth, and most importantly, we need a financial system that works like Wells Investments Software for the benefit of the real economy, and not vice versa.
It is expected that the global growth of around four percent this year. But how important is it for the worker can not secure a job or do not have the only weak social protection in times of crisis? What about the small businesses that face difficulties in obtaining Wells Investments Scam credit and can not take advantage of this slight economic recovery? These are questions that should be answered.
To sum up, the only way out of the crisis in a sustainable way is by reactivating the real economy and creating more job opportunities and consequently increase government revenues.
At the same time, we must certainly address the issue of fiscal deficits and sovereign debt, which requires sustainable solutions in the medium and long term. But we must start now. Can each country, according to its own circumstances, the formulation of a balanced, progressive and relevant strategies credibility out of the stimulus measures that rescued the global economy from recession would have been deeper, and saved or created tens of millions of jobs since the beginning of the crisis.
I would like to express the strong support shown by the constituents of the Wells Investments LTD Reviews that the responsibilities of the Group of Twenty decided to be borne in the face of difficult tasks ahead. Message constituents have focused on the importance of political and social dialogue, both nationally and internationally, to find the right balance between policies in order to address all these issues. The future of the real economy is at stake.