Japanese Prime Minister Abe presented a dossier to his G7 counterparts outlining the risks which could bring down the global economy.
Abe, believes that the recent decline in commodity prices is a sign we are on the precipice of anther Lehman moment. Abe told reporters, the G7 leaders had a comprehensive and full decision over the state of the global economy and the serious risks on the horizon.
German Chancellor Merkel and French President Hollande appeared to support Abe’s view that we are facing the toughest year since 2008 economic meltdown. Despite all the talk leaders failed to agree how best to spur growth and stimulate the economy. With interest rates at historic lows and with two of the world’s largest central banks printing money like crazy there are very few options left.
All members of the G7 were unequivocal on their attitude that a UK vote to leave the European Union on the 23rd of June could spark uncertainty across the global economy.