Finance ministers and central banks governor from the Group of Seven developed nations kicked off the first day of their meeting in Sendai, Japan. They have held discussions on the world economy, ahead of next week’s G7 summit (26-27th May), to be held in Ise-Shima, central Japan. The participants countries in 42 G-7 summit 2016 are France, Germany, Italy, Japan, United Kingdom, Canada, Unites States and European Union.
Ahead of G-7 summit kickoff, the G-7 financial leaders discussed the future of the global economy with noted economists, including Nobel laureate Robert Shiller, a professor at Yale University, and Martin Feldstein, a professor at Harvard University. The participants are said to have exchanged views on what their governments can do to put the global economy back on track and achieve sustainable growth. Among world economic issues that they have discussed are the slowing Chinese economy and lower crude oil prices.
They also discussed ways of dealing with tax evasion and questionable tax avoidance in reaction to disclosures in the Panama Papers.
So let’s discuss some questions related to this post :
1. The Finance Ministers and central bank governors meet of G-7 summit is going on at which place ?
2. Name the country which is hosting the 2016, G-7 summit ?
3. Name the participating countries of G-7 summit ?
Courtesy : IBT and Air India news