G7 statement, headlines via Reuters:
- The global economy has demonstrated resilience in the face of multiple shocks, but growth prospects remain below historical averages.
- Central banks remain firmly committed to achieving price stability
- Significant geopolitical risks related to Russia’s war against Ukraine and the situation in the Middle East could affect trade, supply chains and commodity prices.
- Welcomes EU proposal to direct extraordinary revenues from Russia’s frozen assets to aid Ukraine
- We will continue to work on all possible avenues to use frozen Russian assets to support Ukraine.
- Focusing on financial stability and regulatory issues is essential to ensure the functioning of the financial system in light of threats to the global economy.
- Remain committed to keeping Russian assets frozen
- We are concerned about the crisis in Gaza
- Will ensure close coordination of any future measures aimed at diminishing Iran’s ability to acquire, produce or transfer weapons
- Call for stability in the wider region, taking into account the economic risks posed by regional escalation
This article was written by Eamonn Sheridan at www.forexlive.com.
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