"G7 Leaders Agree on Temporary Inflation Rise... Need for Stimulus Measures"

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The leaders of the Group of Seven (G7) largely agreed at their meeting on the 11th (local time) that economic stimulus measures remain necessary. European leaders attending the meeting expressed their intention to check China while also emphasizing the need for cooperation.

A major foreign news outlet reported that the G7 leaders are considering the need for long-term policies to ensure future fiscal soundness of governments after COVID-19, according to a source.

The source stated that the inflation occurring after COVID-19 is expected to prove temporary.

The source added that Italian Prime Minister Mario Draghi emphasized the importance of measures such as youth retraining to reduce unemployment, and Canadian Prime Minister Justin Trudeau supported this.

Before the G7 meeting, European Union (EU) leaders shared the perception that China is both a competitor and a partner with whom cooperation is necessary.

The ?lys?e Palace, the office of French President Emmanuel Macron, announced that President Macron, German Chancellor Angela Merkel, Italian Prime Minister Mario Draghi, European Commission President Ursula von der Leyen, and European Council President Charles Michel agreed on this at a coordination meeting held ahead of the G7 summit.

EU leaders pledged to take the lead in sharing vaccines with developing countries so that 60% of the African continent's population can be vaccinated against COVID-19 by March next year.

This content was produced with the assistance of AI translation services.