G7 summit: Leaders turn to economy as China Shock 2.0 looms
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Summary
The third and final day of the G7 summit in Évian, France, is underway. This morning's discussion is dedicated to the economic imbalances, as the China Shock 2.0 looms large over the largest Western economies.
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Sounds like the RBA is one weak unemployment report away from putting the hiking cue in the rack. June 24 looms large.
— David Scutt (@Scutty) June 16, 2026
"Following the three increases in the cash rate target...financial conditions are now tighter...and there are signs that the economy is slowing as expected.…