Middle East Economic Survey


No 17


G7 Ministers Warn Of Economic Impact Of High Oil Prices

Finance ministers and central bank governors from the G7 group of nations (US, Japan, Germany, France, UK, Italy and Canada), meeting in Washington on 16 April, said that while strong global economic expansion was continuing, oil prices were working against it. A statement after their meeting said: Since our meeting in February, the global expansion has remained robust, and the...