Group of Seven finance chiefs are set to make their biggest appraisal yet of how the world has changed since the start of Russia’s war in Ukraine some 80 days ago sparked a new inflation shock and threatened post-pandemic recoveries. Following a virtual discussion on March 1 and a brief gathering during the World Bank/International Monetary Fund meetings in April, ministers and central bank governors will convene in person for days of talks starting Wednesday. The G-7, an economic grouping conceived during the mid-1970s, is confronting echoes of that bleak era, from energy crises to the specter of Russia’s aggression — at that time with its invasion of Afghanistan, and now against Ukraine. Even the location of their gathering, […]

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