SCO & BRICS latest news and insights
According to the IMF over the next five years, the global economy will become increasingly reliant on the BRICS countries, with a corresponding decline in influence for the G7 states. China and India are expected to lead in terms of growth in purchasing power parity (PPP). Concurrently, the United S...
Russia's GDP in the 1st quarter of 2024 increased by 5.4% compared to the 1st quarter of 2023. This preliminary assessment was published by the Federal State Statistics Service (Rosstat).
Rosstat's data coincided with the estimate of the Ministry of Economic Development (also 5.4%), exceeded the e...
The growth of industrial production in the Russian Federation in March 2024 amounted to 4.0% year-on-year after an increase of 8.5% in February and 4.6% in January, the Federal State Statistics Service (Rosstat) reported.
In the first quarter of 2024, industrial production in the Russian Federation...
By Rhod Mackenzie
The major and influential international organisations, which have previously predicted the collapse of the Russian economy due to sanctions, have once again revised their forecasts. The World Bank now expects 2.2 percent growth by the end of the year, while the International Mone...
By Rhod Mackenzie
The growth of the Chinese economy has slowed significantly in recent years, but despite this, according to the Asian Development Bank (ADB), it will make a very large contribution to the development of the global economy.
The ADB thinks China will continue to be the primary fo...
By Rhod Mackenzie
Russia accounts for 3.2% of the world's gross domestic product (GDP). The World Bank calculates the global GDP in purchasing power parity (PPP).
According to Rosstat, Russia is the fifth largest economy in the world in terms of GDP using P.P.P.
China, the USA, India, and Japa...
