Referring to Britain's referendum next month on whether to leave the European Union, the G7 said an exit “would be a serious risk to global growth”. ”Global growth remains moderate and below potential, while risks of weak growth persist,” the G7 leaders said after a two-day summit in central Japan.“Global growth is our urgent priority.”Japanese Prime Minister Shinzo Abe has been playing up what he calls parallels to the global financial crisis as growth in his country sputters. The G7 called global industrial overcapacity, especially in steel, a “pressing structural challenge with global implications”. The G7 also called large-scale immigration and migration a major challenge and vowed to increase global aid for the immediate and long-term needs of refugees and displaced people. The G7 demanded that North Korea fully comply with United Nations Security Council resolutions and halt nuclear tests, missile launches and other “provocative actions”.

Source: The Telegraph May 26, 2016 22:37 UTC