Australia says progress towards G20 growth target 'unacceptable'

PERTH, Australia, April 13 - Slow progress towards meeting economic growth targets set by the Group of 20 bloc of advanced and developing nations this year is "unacceptable", Australian Treasurer Joe Hockey said on Sunday.

G20 finance ministers had pledged to have "real and effective plans to lift the global economy by a further 2 percent" before they meet in Australia in September but were only one-tenth of the way there, he said.