France is gearing up to host the Group of Seven (G7) nations for the international bloc’s annual summit.
From August 24 to August 26, heads of state from seven of the world’s largest economies will descend on the seaside town of Biarritz towards the end of France’s vacation season.
Canada, Germany, Italy, Japan, United Kingdom and United States are part of the forum.
Heads of states from seven of the world’s largest economies will attend the summit.
Economists expect that international economic issues including technology, trade, and the International Monetary Fund will be discussed at G7 meeting.
The group was created in 1975 as the Group of Six with Canada joining a year later so that advanced democracies could discuss economic policies. The European Union also became a member but does not hold the rotating presidency.
The G7 was the Group of Eight (G8) between 1998 and 2014 when Russia was suspended for its annexation of Crimea which many states considered to be illegal.
Economists expect that international economic issues such as technology, trade, and the International Monetary Fund (IMF) will come up at this year’s G7 meeting. This would include the US/China and US/EU trade relationships as well as the succession of Christine Lagarde at the IMF.(RP)
