SCO & BRICS latest news and insights
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%...
By Rhod Mackenzie
The summer was not as dire for the Chinese economy as it has been portrayed in the Western Media. Reports claimed that the Celestial Empire almost faced an economic crisis. However, the third quarter saw 4.9% growth in the world's second-largest economy compared to the same perio...
By Rhod Mackenzie
The growth of Russia's gross domestic product (GDP) this year may exceed 2.5%. This was announced on August 26 by Russian Finance Minister Anton Siluanov in an interview with the Chinese TV channel CGTN.
The head of the Ministry of Finance noted that specialists in the Russian...
