Group of Seven

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Group of Seven (G-7)

The G-5 countries plus Canada and Italy.

Group of Seven

Also called G-7. An informal group composed of the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada (listed by nominal GDP). The G-7 represents the world's leading industrial democracies. Their finance ministers/secretaries meet annually to discuss economic cooperation and other matters. The G-7 does not have a permanent secretariat, but rather gives an informal forum for leaders to meet and discuss ideas.
References in periodicals archive ?
It remains unknown, however, whether the G-7 finance ministers and central bank governors discussed the steep depreciation of the yen against the U.
The G-7 statement also said the group would be alert for any indications of "excess volatility and disorderly movements" in exchange markets.
On the global economy, the G-7 financial chiefs said, ''We remain positive about the long-term resilience of our economies, but near-term global economic prospects have weakened,'' mainly attributing the bleaker outlook to the ongoing weakness in the U.
Aside from Indonesia, the forum will be composed of economically advanced nations, including the G-7 countries, and key emerging market economies such as Brazil, China, Mexico, Russia and South Korea, G-7 sources said.
The meeting would put pressure on the G-7 monetary and financial authorities to coordinate their financial and fiscal policies to cope with the uncertainties in the world economy.
The G-7 ministers are also scheduled to discuss problems caused by patenting new ways of doing business, such as e-commerce marketing.
The authorities entered the market more frequently after the beginning of September, intervening on eleven of the fifteen business days leading up to the G-7 meeting to sell a total of $1,027 million against marks and $1,104 million against yen.
The finance ministers from Britain, Canada, France, Germany, Italy, Japan and the United States are also set to follow up on three issues involving the state of the global economy and G-7 economies, the international financial-system architecture -- including reforms of the International Monetary Fund -- and relief measures for heavily indebted poor nations, the officials said.
As an early April meeting of the G-7 Finance Ministers and Central Bank Governors approached, some observers speculated that the G-7 might tolerate a further rise in dollar exchange rates as a consequence of the need to deal with inflation.
ISLAMABAD, March 29, 2011 (Frontier Star): The children of sector G-7 are being neglected in model schools and colleges as the model schools administrations are not giving admission to the students of G-7.
Since the attacks, we have all shared our national action plans to block the assets of terrorists and their associates,'' G-7 finance ministers said in a statement released after a teleconference.
Market participants were also skeptical that the Group of Seven (G-7) countries would remain committed to exchange rate stability after additional comments from abroad indicated that other countries' intervention operations to support the dollar might come into conflict with the efforts of the G-7 to keep their own domestic inflation rates under control.