"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." Referring to Britain's referendum in June on whether to leave the European Union (EU), the G7 said an exit "would be a serious risk to global growth". The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. The G7 called global industrial overcapacity, especially in steel, a "pressing structural challenge with global implications."

Source: dna May 26, 2016 22:48 UTC