Trading Academy Glossary

G7

G7

The Group of Seven is an international governmental organisation which includes France, Germany, Italy, Japan, the United Kingdom, Canada, and the United States.

During recent decades, the G7 claimed to have ‘strengthened security policy, mainstreamed climate change and supported disarmament programmes’.

Who is the G7?

The G7 are seven of the wealthiest and most advanced nations in the world. While the group has no legal or political authority, if these world leaders agree on an issue, they can steer the global economy to encourage activity and growth.

The member states heads of government and representatives of the European Union meet at the annual G7 Summit and the G7 president hosts it for that year. The G7 president at the time of the next meeting can invite non-member countries to the next meeting.

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