G7 nations are worried about global economic crisis – Scholz


© Reuters. German Chancellor Olaf Scholz waits to welcome U.S. President Joe Biden ahead of their meeting on the day of G7 leaders summit at Bavaria’s Schloss Elmau castle, near Garmisch-Partenkirchen, June 26, 2022. REUTERS/Leonhard Foeger/Pool


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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