Its legitimacy: the G20 suffers from a lack of legitimacy in two respects. From a global perspective, it still excludes over 80% of the countries in the world which some see as weakening its legitimacy as the global economic rule setter.
In contrast, business investment was relatively soft for much of last year, though it posted some larger gains toward the end of the year in part reflecting an apparent end to the sharp declines in spending on drilling and mining structures; moreover, business sentiment has noticeably improved in the past few months.