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G7 nations are worried about global economic crisis - Scholz

Published 06/26/2022, 09:13 AM
Updated 06/26/2022, 02:55 PM
© Reuters. Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, German Chancellor Olaf Scholz, U.S. President Joe Biden, Japan's Prime Minister Fumio Kishida and British Prime Minister Boris Johnson line up

SCHLOSS ELMAU, Germany (Reuters) - All leaders of the Group of Seven rich democracies are concerned about a looming economic crisis as growth slows and inflation soars, German Chancellor Olaf Scholz said after a working session on the global economy at this year's annual G7 summit.

"All members are concerned about the crisis we are confronting – falling growth rates in some countries, rising inflation, raw materials shortages, disrupted supply changes – these aren't small challenges," Scholz said in a televised statement.

Latest comments

The G7 should really be afraid of the Anti-G7: China, India, Iran, Saudi Arabia, Afghanistan, Russia and North Korea. These countries may not have much in common not even a union but the follow one shared aim: to hurt G7 as much as possible.
China and Russia are the Countries among that group that poses a security threat . The rest are fighting their own internal issues. This is about World Economic stability - if we go down- everyone does. You know the drill.
Dictatorships have nothing to offer each other, thats why they steal from free (or semi-free) countries.
Exactly. People living in autocracies are so blind. They have no idea of the taste of freedom. Slaves, they are.
The G7 literally created all these problems with their COVID restrictions and sanctions. All could have been avoided btw if they just responded by doing nothing. But they can’t do that can they. They have to ruin everything otherwise they wouldn’t be re-elected. People love electing politicians who ruin everything. This is the main reason why I prefer living in autocracies.
I thought you were serious until I got to your last sentence. Very funny! I admire good sarcasm.
As they should be. But, they created the problem
Not all individuals. There is some new blood.
Looks like Bidens been advised to pose like Clint Eastwood, or some other actor, during TV and photo ops.
You are probably thinking of Ronald Regan.
Why still listen to US? US is making Europe weaker and weaker. Their ultimate motive.
The West is reasserting itself. Apparently, this has enemies of freedom quite flummoxed.
Why is Italy still in G 7???.It is a bankrupt country and a notorious beggar of the EU
US need a faithful dog in Europe and they found it in Italy
uh oh hot dog
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