SCO & BRICS latest news and insights
Today I want to talk about Living standards in the G7 West which are the complete reverse of the situation in a nunber of the BRICS countries particularly Russia and China where over the last 30 years living standards have grown to levels not dreamed about during the Soviet Unions
Its been tradit...
The Reserve Bank of India (RBI) has kept its key interest rate unchanged for the seventh consecutive meeting as inflation remains within the target range. The repo rate remains at 6.5% per annum, as predicted by most analysts and economists.
Consumer prices in India rose by 5.1% in February, which...
By Rhod Mackenzie
At the end of the year, China once again achieved impressive GDP growth rates of 5.2%. Among large economies, only India is expected to outperform China in 2023. However, this success is tempered by the fact that a significant portion of this growth is due to deflation; in nomina...
By Rhod Mackenzie
China has achieved what its global competitor, the United States, has also attempted, albeit with mixed results and significant costs, and an uncertain forecast. They have successfully managed to tackle inflation, which had already been at a very low level for many years, without...
By Rhod Mackenzie
In 2023, the Russian economy coped with such external challenges that no other country in the world has ever faced. In the new year, solving more internal economic problems will come to the fore. Will Russia be able to defeat inflation and increase budget revenues? Here we list a...
By Rhod Mackenzie
The Russian economy has reached the level that it was at in February 2022, mostly due to non-standard solutions according to the latest reports. According to the architects of the sanctions, restrictions were introduced to weaken the ruble and the Russian economy. This, however,...
