BRICS overtaking G7 in economic might – Bloomberg ...News

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BRICS overtaking G7 in economic might – Bloomberg
source : Russia Today ( News ) () 54
The group’s share of global GDP in PPP terms is set to more than double that of the G7 by 2040, according to a report The rapid rise of the BRICS is transforming the global economy, with the group’s share of world GDP in terms of purchasing power parity (PPP) set to rise well beyond of that of the Group of Seven (G7) major advanced economies, Bloomberg reported this week. BRICS currently comprises Brazil, Russia, India, China, and South Africa, but the group will be joined in January by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The G7 club of industrialized and developed countries consists of th

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