NIIGATA, Japan : Finance leaders of the Group of Seven rich nations are expected to warn of more global economic uncertainty as they wrap up a three-day meet on Saturday overshadowed by a U.S. 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."The repercussions would be bad to not get it done."
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