G7 finance chiefs warn of global uncertainty as US debt crisis looms

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

G7 finance chiefs warn of global uncertainty as US debt crisis looms FMTNews FMTBusiness

NIIGATA: Finance leaders of the G7 rich nations warned of heightening global economic uncertainty today, as they wrapped up a three-day meet overshadowed by a US debt ceiling stalemate and fallout from Russia’s invasion of Ukraine.

“We need to remain vigilant and stay agile and flexible in our macroeconomic policy amid heightened uncertainty about the global economic outlook.” “Clearly, distress in the world’s biggest economy would be negative for everyone,” World Bank president David Malpass told Reuters on the sidelines of the G7 meeting the same day.On the banking troubles, the communique said policymakers would tackle “data, supervisory, and regulatory gaps in the banking system”.

The grouping reiterated its condemnation of Russia’s invasion of Ukraine and pledge to strengthen monitoring of cross-border transactions between Russia and other countries.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines