G5
a.k.a. Group of Five
An early club of five big economies (US, Japan, Germany, France, UK), best known for the 1985 Plaza Accord.
In plain English
An early club of five big economies (US, Japan, Germany, France, UK), best known for the 1985 Plaza Accord.
The G5 was a forum of finance ministers and central bankers from the five largest Western economies of the 1970s and 1980s.
Its most famous act was the 1985 Plaza Accord, a coordinated effort to push down a very strong US dollar. It later grew into the G7.
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