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G7 nations are worried about global economic crisis - Scholz

Commodities Jun 26, 2022 02:55PM ET
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© 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.

G7 nations are worried about global economic crisis - Scholz
 

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Comments (8)
Ma Lu
Ma Lu Jun 26, 2022 3:55PM ET
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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.
Doug Harwood
Doug Harwood Jun 26, 2022 3:55PM ET
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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.
Tyler Phillis
Tyler Phillis Jun 26, 2022 3:55PM ET
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Dictatorships have nothing to offer each other, thats why they steal from free (or semi-free) countries.
Brad Albright
Brad Albright Jun 26, 2022 3:55PM ET
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Exactly. People living in autocracies are so blind. They have no idea of the taste of freedom. Slaves, they are.
Tariq Almutawa
SellAllFake Jun 26, 2022 3:45PM ET
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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.
Brad Albright
Brad Albright Jun 26, 2022 3:45PM ET
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I thought you were serious until I got to your last sentence. Very funny! I admire good sarcasm.
Steve Bojo
Steve Bojo Jun 26, 2022 3:23PM ET
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As they should be. But, they created the problem
Brad Albright
Brad Albright Jun 26, 2022 3:23PM ET
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Not all individuals. There is some new blood.
Todd Gray
Todd Gray Jun 26, 2022 3:09PM ET
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Looks like Bidens been advised to pose like Clint Eastwood, or some other actor, during TV and photo ops.
Brad Albright
Brad Albright Jun 26, 2022 3:09PM ET
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You are probably thinking of Ronald Regan.
Benz Jang
Benz Jang Jun 26, 2022 3:02PM ET
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Why still listen to US? US is making Europe weaker and weaker. Their ultimate motive.
Brad Albright
Brad Albright Jun 26, 2022 3:02PM ET
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The West is reasserting itself. Apparently, this has enemies of freedom quite flummoxed.
Ajey Bakhshi
Ajey Bakhshi Jun 26, 2022 2:43PM ET
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Why is Italy still in G 7???.It is a bankrupt country and a notorious beggar of the EU
redwan amin
redwan amin Jun 26, 2022 2:43PM ET
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US need a faithful dog in Europe and they found it in Italy
Edward Chong
Edward Chong Jun 26, 2022 10:00AM ET
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its time to press the reset button.
Alex Dock
Alex Dock Jun 26, 2022 9:37AM ET
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uh oh hot dog
 
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