What does the G7G8G20 mean?

Answer 1

The G7, G8, and G20 refer to groups of major advanced and emerging economies that meet to discuss and coordinate economic policy and other global challenges. The G7 includes seven of the world's largest advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with the European Union. The G8 added Russia to the G7, but its membership was suspended in 2014, reverting to the G7. The G20 includes 19 countries and the European Union, representing a broader range of economies, including both developed and developing nations, to address global issues like economic stability and climate change.