The FT on 25 years of BRICS who are still working away in the background. Note the “and will dominate”
They represent nearly half the world’s population and will dominate the global economy this century.
Nah.
India and China continue to grow their GDP at a strong clip but Brazil is growing at less than 2%, Russia (lol) about 1%, and South Africa is even worse, and they are not having to pay for a war in Ukraine.
So, maybe just the IC - but then the median income in India is about $4k a year, so maybe just C.
The article makes a point of saying that the BRICS countries don’t like each other very much and that’s why over the last 25 years they have accomplished almost nothing.
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Of course that was then, this is now. Currently, they are seem to have a common enemy who often helps them.
Pete
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China deflationary depression, russian economy? Irans?
Leaves India and Brazil. But China’s broken economy is the heart of the movement. Not much leverage.
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