1、Toward action:A G20 agenda for sustainable and inclusive growthSeptember 2024Presented at:In recent years,the B20the global business forum for the G20has put sustainable and inclusive growth at the top of its agenda.At the previous two B20 forums,McKinsey research highlighted the interconnected syst
2、ems that support such goals.This year,our focus is on how countries can move from aspirations toward action in the three pillars of growth,inclusion,and sustainability.Taking action grows more important by the day.Economic productivitythe driver of long-term growth and resiliencehas slowed since the
3、 global financial crisis in 2008,and its indicators have declined in many G20 countries.To deepen capital investment,shift workers into productive sectors,and raise global technological and economic maturity,economic engines need to run in a higher gear.Foreword Andriy Onufriyenko/Getty ImagesiiTowa
4、rd action:A G20 agenda for sustainable and inclusive growthBob SternfelsGlobal Managing Partner McKinsey&CompanyTracy FrancisSenior Partner McKinsey&Company BrazilVijay GosulaSenior Partner McKinsey&Company BrazilReinaldo FioriniSenior Partner McKinsey&Company BrazilEconomic growth is deeply tied to
5、 economic empowerment,a threshold well above the poverty line that measures whether households can meet their basic needs.Economic empowerment is also driven by affordability of essential goods and services and a more even distribution of household spending,and as such it is vital for greater econom
6、ic inclusion.This is particularly true in higher-income G20 countries,where the cost of housing,food,transportation,and energy determines economic empowerment even more than GDP per capita in the overall economy.Finally,a key part of the sustainability agenda is based on the Paris Agreements goal of