G7 Nations Are Worried About Global Economic Crisis, Scholz ...| MENAFN.COM

Friday, 12 August 2022 05:04 GMT

G7 Nations Are Worried About Global Economic Crisis, Scholz Says


(MENAFN- Trend News Agency)

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, Trend reports citing Reuters .

'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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