G7 summit kicks off under shadow of Ukraine war, stagflation risk

Politics 15:23 26 Jun, 2022

The United Nations warned on Friday of an "unprecedented global hunger crisis"

G7 summit kicks off under shadow of Ukraine war, stagflation risk

German Chancellor Olaf Scholz welcomes leaders of the Group of Seven rich democracies on Sunday to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis, Qazet.az reports.

The summit takes place against a darker backdrop than last year when the British, Canadian, French, German, Italian, Japanese and U.S. leaders met for the first time since before the COVID-19 pandemic and vowed to build back better.

Soaring global energy and food prices are hitting economic growth in the wake of Russia's invasion of Ukraine.

The United Nations warned on Friday of an "unprecedented global hunger crisis".