G7 and G20
- The G20 is a larger group of countries, which also includes G7 members.
- The G20 was formed in 1999 to bring more countries together to address global economic concerns.
- Apart from the G7 countries, the G20 comprises Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea, and Turkey.
- As opposed to the G7, which discusses a wide range of issues, the G20’s deliberations are confined to the global economy and financial markets.
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