QUT financial economist Dr David Willis says the additional economic growth of 2.1 per cent by 2018 set by G20 leaders is more aspirational than reality.
"Unfortunately, everthing else hangs from it," Dr Willis said.
"With Europe looking like entering into a triple dip recession and the rest of the world looking at a period of slower and lower growth and close to deflation, job creation and additional growth looks asperational at best."
Dr Willis said world growth and infrastructure spending and corporate taxation, was totally dependent on individal countries all doing the same thing at the same time over the next four years, which might be wishful thinking given the different political complexions and imperatives across Europe, UK and USA.
"While the ideas and goals are inspirational and needed, the political will across the world may not be, as it doesn't seem to be on climate change.
"Vested interests may derail a grand plan," Dr Willis said.
Media contact: Rose Trapnell, QUT media officer, 07 3138 2361 or 0407 585 901 rose.trapnell@qut.edu.au
