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Putin says BRICS will generate most of global economic growth

  • Putin stated that the total GDP of BRICS members exceeds 60 trillion dollars, surpassing the G7's indicators.
  • BRICS is projected to achieve an average economic growth rate of 4%, higher than the G7's 1.7%.
  • BRICS aims for sustainable development and prosperity, with actions not directed against anyone.
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The BRICS group will generate most of the global economic growth in the coming years due to its size and relatively fast growth compared to that of developed Western countries, Russian President Vladimir Putin said on Friday. The Russian president hopes to strengthen the BRICS – which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates, alongside Brazil, Russia, India, China and South Africa – as a powerful counterweight t…

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economicconfidential.com broke the news in on Friday, October 18, 2024.
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