bullish
Decoding Credit Cycles: BRICS and New Entrants in Focus
12 Views28 Aug 2023 11:00
SUMMARY
- Since its establishment in 2009, the BRICS consortium, comprising Brazil, Russia, India, China, and South Africa, has evolved into a formidable alliance of emerging economies.
- This collective, wielding a considerable share of the global economic landscape, commands about 26.6% of the world's nominal GDP and 32.5% of its GDP based on purchasing power parity (PPP). S
- panning 41.5% of the world's population and covering 26.7% of its land area, these nations convene annually to deliberate on an array of subjects including trade dynamics, investment prospects, sustainable development, security imperatives, and the principles of multilateralism.
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