It is impossible to always rely solely on the US to boost the world economy, Canadian Finance Minister Joe Oliver said on Friday, adding that other nations must step up to the plate.
World economic growth has been projected to be fairly weak in 2015, with the US largely leading the estimated advances. This means “kick-starting global growth will be front and center” at next week’s Group of 20 meeting in Turkey, Oliver said while addressing Canadian mayors in Toronto.
“Though America is carrying the world economy at the moment, that is simply not sustainable. We need key pillars of global growth to reassert themselves,” Reuters quoted him as saying.