SCO & BRICS latest news and insights
Despite the recent revival of the Chinese economy, Fitch, one of the Big Three credit rating agencies, has downgraded China's credit rating outlook to negative. This decision was made due to the risks to the financial system during the transition to a new growth model.
Moody's downgrade of the rati...
The spring session of the National People's Congress (NPC), the primary legislative body of the PRC, has commenced in Beijing. It is anticipated that the NPC will announce economic growth targets and objectives for the year, as well as measures to support the economy, which is currently facing chall...
By Rhod Mackenzie
At the end of the year, China once again achieved impressive GDP growth rates of 5.2%. Among large economies, only India is expected to outperform China in 2023. However, this success is tempered by the fact that a significant portion of this growth is due to deflation; in nomina...
By Rhod Mackenzie
The Russian Ministry of Economic Development has reported that the countries's GDP in September surpassed last year's monthly level by 5.2%. Furthermore, it increased by 1% compared to the September of 2021 before the SMO. The ministry's estimates show that GDP increased by 2.8%...
