Does the G7 still shape the global economy?

Article excerpt

The G7's grip on global economic affairs is weakening as trade tensions, armed conflicts, and Asia's economic ascendance challenge the group's traditional authority. Once the dominant force steering worldwide markets and policy, the seven wealthy nations now face fracturing unity and a shifting balance of power toward emerging economies in the East. The article examines whether the collective remains relevant in shaping international commerce and financial decisions, or if its influence has become merely ceremonial in an increasingly multipolar world.