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...
The World Bank (WB) has recently classified Russia as a high-income country. The document has been published on the WB website. In addition to Russia, Bulgaria and Palau have been included in this category.
According to World Bank criteria High-income countries are states where the gross income ind...
By Rhod Mackenzie
Vladimir Putin outlined ten structural changes in the Russian economy, which have enabled the country to become the fourth largest economy in the world while maintaining its growth rate. The president also announced the adoption of new measures to support regions, citizens and bu...
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
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...
By Rhod Mackenzie
The Central Bank of Russia (CB) of the Russian Federation estimates that the country's gross domestic product (GDP) will grow by 4.6% in annual terms in the first quarter of this year. By the end of the current quarter, the bank expects this figure to be 4.4%. This information wa...
