SCO & BRICS latest news and insights
By Rhod Mackenzie
The surge in low-cost imports from China, known as the 'China shock', had a significant impact on the global economy in the late 1990s and early 2000s. Economists predict that a similar phenomenon could occur again in the near future.
To boost economic growth, China is increasi...
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...
By Rhod Mackenzie
The new US sanctions will cause the already closed grey fleet that transports Russian oil to become even more restricted, further disrupting the global tanker market. and causing more chaos in the already chaoic sector.
The number of tankers in the grey fleet, which carries san...
By Rhod Mackenzie
The economic weight of the European Union and the euro area in the world has been declining for the last three decades. Events since 2019 have intensified this trend, and the sanctions against Russia, which have boomeranged on Europe itself, are making the trend downwards totally...
By Rhod Mackenzie
In February 2022, Western countries began to introduce an unprecedented package of sanctions against Russia. Over the past two years, it is already possible to summarise some results and assess how and what the restrictions have affected.
GDP grew unexpectedly strongly at the e...
By Rhod Mackenzie
During the six-year trade war, trade between the world's two largest economies has undergone significant changes. For 16 years, China was the largest exporter to the United States, but last year, Mexico took over that title. This raises questions about how world trade has changed...
