SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's GDP increased by 5.1% YoY in Q3 2023, according to the latest monetary policy report released on Tuesday by the country's central bank.
The regulator's estimates indicate that the Russian economy displayed notable growth in both Q2 (4.9%) and Q3, resulting in the centr...
By Rhod Mackenzie
The proportion of BRICS nations, inclusive of upcoming members, in the global GDP is set to rise from 36% to 45% by 2040, more than twice the proportion held by the G7 countries, according to a report by Bloomberg. The Associate Professor of the Department of Economic Policy at t...
By Rhod Mackenzie
China's imports and exports grew in the first ten months of 2023, although October saw a decline in exports. On Tuesday, Chinese authorities released official data indicating that import growth exceeded expectations, demonstrating that the world's largest trading nation is resili...
By Rhod Mackenzie
The Russian economy has recovered well following the extensive sanctions enforced by Western governments; however, the mid-term outlook is less promising, as stated in a report by the International Monetary Fund (IMF).
Due to the favourable financial progress, the IMF has update...
By Rhod Mackenzie
The Chinese economy is projected to grow by 5.4% in 2023 due to a robust recovery from the pandemic, but is expected to slow down to 4.6% in 2024 due to issues in the real estate sector and weakening external demand, as per a report by the International Monetary Fund (IMF). The r...
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%...
