17 Jan 2014
Acronym in full: The Group of Eight
The Group of Eight (G8) is a forum for the governments of eight of the world's largest national economies, United States, Japan, Germany, United Kingdom, Italy, Canada and Russia. With the G20 major economies growing in stature, world leaders from the group announced in 2009 that the group will replace the G8 as the main economic council of wealthy nations.
Related term: G20