Central Banks Stuck With Fallout as G-7 Leaders Fall
Leaders of the Group of Seven nations in Savelletri, Italy, in June. For most of them, that was the last time things were looking up.
Photographer: Francesca Volpi/BloombergLess than six months ago, leaders of the Group of Seven industrialized nations described the global economy as unexpectedly resilient. Voter support for six of those leaders has proven somewhat less so.
Two have been ousted—Prime Ministers Rishi Sunak of the UK and Fumio Kishida of Japan—and voter disapproval of President Joe Biden helped doom his would-be successor. French President Emmanuel Macron’s authority shrank after his snap election gambit failed and German Chancellor Olaf Scholz saw his coalition collapse just this week.