SCO & BRICS latest news and insights
The Chinese economy's data for the first two months of 2024 has pleased economists and investors. Retail sales increased by 5.5% in January-February, surpassing the forecast of 5.2% by economists surveyed by Reuters. Industrial production also rose by 7%, exceeding the forecast of 5%. Investments in...
By Rhod Mackenzie
Reuters reports that the OPEC group and the International Energy Agency (IEA) have different forecasts for global oil demand in the next 16 years.
The IEA predicts a record level of oil demand in 2024, with an increase of 1.22 million barrels per day. On the other hand, OPEC pre...
By Soumya Bhowmick
In the current global economic landscape, the trajectory of multilateral institutions is undergoing a pivotal shift, and the BRICS alliance is a crucial player in this transformation. As we delve into the realms of trade, investment, and finance within BRICS, we find ourselves n...
By Rhod Mackenzie
In a statement, the General Administration of Customs of the People's Republic of China reported that Chinese exports in January-February 2024 rose by 7.1% YoY to $528.01 billion, while imports increased by 3.5% to $402.85 billion.
Analysts had predicted a 1.9% increase in expo...
By Rhod Mackenzie
Vladimir Putin's speech during his address to the Federal Assembly this year was intense and focused on Russia's socio-economic development goals. It contained a list of orders for the public administration system. The speech can be studied in detail to emphasize certain strategi...
By Rhod Mackenzie
In his address to the Federal Assembly, the Russian President Vladimir Putin stated that if the Russian economy continues to develop as dynamically as it did last year, it will soon become the fourth largest economy in the world in terms of GDP at purchasing power parity. This go...
