Grows Slows and Inflation Soars: G7 Nations Are Worried About Global Economic Crisis

On Sunday, June 26th, during the summit on Bavarian Alps, the leaders of G7 nations discussed the lists related to decrease of global economic growth and dramatically rising inflation.

German Chancellor Olaf Scholz spoke about the risks after a working session on the global economy at this year's annual G7 summit, Reuters reported.

" 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.

Read also:

• “Anti-Russia sanctions are working; therefore, they need to be strengthened” – Yermak about the Russian default

• The only way to force Putin to make concessions is to crush his army: military expert upset about the “softness” shown by NATO and the EU to Russia

• Russian Invaders Have Come Up with a “Simple” Way to Lure Mariupol Residents Back in the City

• "You Are Being Drawn into the War": Zelenskyi Urged Belorussian Not to Be the “Cannon Fodder”