Global Imbalances: The Return of Economic Inequality
News Context
At a glance
- On January 1, 2024, France assumed the presidency of the Group of Seven (G7), a forum of the world's advanced economies.
On January 1, 2024, France assumed the presidency of the Group of Seven (G7), a forum of the world’s advanced economies. A key focus of France’s agenda will be global imbalances, specifically current-account surpluses and deficits among major economies like China and the United States. This issue received critically important attention during the 2006 G7 presidency,and its re-emergence reflects ongoing concerns about the stability of the international financial system.