G7 countries talked about the global economy amid the threat of default in the US, the armed conflict between Russia and Ukraine, and the coronavirus pandemic in 2020.
A meeting of the finance ministries and central bank governors of the G7 countries was held today, May 13. After the meeting, a joint statement was issued in which the representatives of the G7 accepted the stability in the global economy despite the problems caused by the Russia-Ukraine conflict, increasing inflation in the world and the Kovid-19 epidemic.
Former US Congress and President Joe Biden So far, States have not been able to agree on a solution to the problem of rising public debt. If the situation is not resolved in the near future, the country is threatened with default. The only solution right now is to raise the debt ceiling.
Source: Riafan
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times.
