SCO & BRICS latest news and insights
By Rhod Mackenzie
The expansion of BRICS to include five new countries will come into force on January 1. This will lead to their total GDP at purchasing power parity exceeding a third of the world's. Additionally, proven oil reserves will increase several times.
During the BRICS summit in South...
By Rhod Mackenzie
While the economies of the European Union (EU) states are slipping into recession, Russia's gross domestic product (GDP) is growing. Dmitry Medvedev, the Deputy Chairman of the Security Council of the Russian Federation, announced on December 19 on his social media page.
He st...
By Rhod Mackenzie
The October figures for China's industrial production and retail sales were better than expected, indicating that the long-awaited recovery of the world's second-largest economy may be on the horizon. T However, the construction industry remains in a deep crisis, hindering its pr...
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...
