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Leaders of the Group of Seven (G7) held their 47th summit from 11-13 June in Cornwall, United Kingdom (UK). The core members of the G7 are Australia, Canada, France, Germany, Italy, the UK and the United States (US). This year, the leaders of India, South Africa, South Korea and the European Union (EU) were also invited.
G-7 countries account for roughly 45% of the global economy, down from about 70% three decades ago. Notwithstanding this downward slide in their collective contribution to global Gross Domestic Product (GDP), the decisions made by these countries still have global ramifications.
At the 47th G-7 Summit, leaders made several key decisions relating to the novel coronavirus (COVID-19) pandemic, the climate crisis, taxation and China. Space does not permit for each of these to be addressed fulsomely here and therefore, some of these will be subject to further analysis in the coming weeks.