G7 finance chiefs to assess economic risks, discuss Mideast conflict

Finance chiefs of the Group of Seven major economies are expected to discuss Thursday the state of the global economy, after most of their central banks aggressively raised interest rates to curb inflation, as well as the impact of the conflict in the Middle East.

Russia’s war in Ukraine, financial market developments and reform of multilateral development banks are also among the topics likely to be discussed at the meeting of G7 finance ministers and central bank governors in the Moroccan city of Marrakech, according to officials from Japan, which holds the group’s presidency this year.

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