* On Monday, business leaders under the Business Twenty group made 25 policy recommendations for the G-20 group.
* Each recommendation fell into three key areas: empowering people, safeguarding the planet and shaping new frontiers.
Top business leaders say the global economy is facing its worst crisis in a hundred years, and “downside risks remain elevated” unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November.
“The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of the Business Twenty (B20), a group made up of high-level CEOs from around the world. “The challenging opportunity is to build back better, with real urgency required from policymakers and business leaders,” he added.
The B20 is an engagement group that seeks to represent the voice of the global business community across all member states and economic sectors in the Group of 20.
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Update: Top business leaders say the global economy is facing its worst crisis in 100 years (Business Insider)
WNU Editor: I would not say the past 100 years. The depression certainly takes the cake on what a global economic collapse looks like. But it is clear that the modern day global economic and financial policy of debt and the printing of money coupled with a monetary policy of zero interest rates is not working. And what is worst. If people lose confidence in the system, and they are, the consequences will be severe. I think these business leaders are beginning to sense that. Hence their urgent call for governments to do something.
