The G7 are the seven largest IMF-described advanced economies in the world, and describes its primary aim as 'acting as a forum to coordinate economic and financial policies free of any specific protocol'.
As the seven economic powerhouses of Canada, France, Germany, Italy, Japan, UK and USA are making decisions for the rest of us then you would be imagining that they are all successful and rich nations although you would be imagining wrong because between them they have racked up a national debt of £36 trillion:
Canada - £570 billion (Can$ 1113.18)
France - £2.04 trillion (€2.23)
Germany - £4.37 trillion (€4.77)
Italy - £1.96 trillion (€2.1 trillion)
Japan - £8.52 trillion (¥1102.67 trillion)
United Kingdom - £2 trillion
United States - £17.92 trillion ($21.97 trillion)
Now you are probably imagining if the seven are so awful at running their own economies, what the bloody hell are they doing making the economic decisions and you would have a fair point, three of the seven (Italy, Japan, USA) are in the top 10 countries with the worst national debt-to-GDP ratios so it's a bit like asking Donald Trump to run a diet club.
Experts are saying that another recession is coming but bear in mind that these are the same experts who missed the 2008 one so spectacularly which caused so much damage and continues to reverberate today so a whole salt field should be taken with those forecasts.
You wouldn't take spiritual advice from an atheist or go to an arsonist for information on fire prevention but we allow our economies to be dictated by people with combined debts of £36 trillion.
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