Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

G7 to examine economic risk, vow policy mix to spur growth: sources

Published 05/24/2016, 06:27 AM
© Reuters. G7 foreign ministers walk together after placing wreaths at the cenotaph at Hiroshima Peace Memorial Park and Museum in Hiroshima, Japan

TOKYO (Reuters) - Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters.

While the global economy was not at a critical stage, uncertainty was rising and the G7 leaders were expected to promote a combination of monetary, fiscal and structural policies to spur growth in their communique, the sources, who were not authorized to speak to the media, said.

"Uncertainty is rising. We are going to (discuss) downside risks to the global economy," one of the two sources told Reuters on condition of anonymity.

The G7 groups Britain, Canada, France, Germany, Italy, Japan and the United States.

With Britain and Germany resisting calls for fiscal stimulus, Japanese Prime Minister Shinzo Abe is set to urge the G7 leaders to adopt a flexible fiscal policy, taking into account each country's own situation, the sources said.

The G7 leaders were also expected to reaffirm their previous commitment to stability in the foreign exchange market, they said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.