G7 nations are worried about global economic crisis - Scholz
Reuters
Published Jun 26, 2022 09:13AM ET
Updated Jun 26, 2022 02:55PM ET
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.
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Written By: Reuters
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