G-7 finance chiefs warn of global uncertainty as US debt crisis looms

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G-7 finance leaders ended a three-day meeting framed by a U.S. debt ceiling stalemate and fallout from Russia's invasion of Ukraine.

Finance leaders of the Group of Seven rich nations warned of heightening global economic uncertainty on Saturday.

"The global economy has shown resilience against multiple shocks, including the COVID-19 pandemic, Russia's war of aggression against Ukraine, and associated inflationary pressures," the finance ministers and central bankers said in a communique after the meeting. Japanese Finance Minister Shunichi Suzuki told a press conference after chairing the meeting that the debt ceiling showdown was discussed at Thursday's dinner session on the global economy. He declined to elaborate.

"Many said they wanted to guide monetary policy taking that point in mind," he said at the press conference with Suzuki.

 

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