BRICS overtaking G7 in economic might – Putin
The group will account for 36.6% of the world’s GDP in PPP terms by 2028, according to the Russian president
The BRICS states are overtaking the G7 in terms of share in global GDP in PPP terms, Russian President Vladimir Putin said on Thursday while addressing the Federal Assembly.
The share of BRICS will increase to 36.6% by 2028, while that of the G7 will decrease to 27.8%, according to estimates provided by the president.
DETAILS TO FOLLOW
More Stories
Russia strikes key energy deal with Asian BRICS partner
Indonesia has agreed to buy crude oil and liquefied petroleum gas from Moscow amid global supply shocks BRICS member Indonesia...
IMF raises Russia’s growth outlook
The economy is forecast to expand 1.1% this year on higher energy prices due to Middle East disruptions The International...
Holidays abroad take a hit as cost of living fears and Iran conflict weigh on British consumers
British holidaymakers are tightening their belts for the first time in half a decade, with fresh Barclays data revealing that...
Rolls-Royce targets collectors with £3m electric nightingale as coach-building strategy accelerates
Rolls-Royce Motor Cars has reasserted its electric credentials with the unveiling of a £3 million zero-emissions hypercar aimed squarely at...
Morrisons to axe up to 200 head office jobs as AI drive accelerates
Morrisons has placed up to 200 head office jobs at risk as Britain’s fifth-largest supermarket leans harder on artificial intelligence...
HSBC warns Iran war is shaking global confidence as UK business leaders count the cost
Britain’s biggest bank has issued a stark warning that the war in Iran is already corroding global business confidence, as...
