SCO & BRICS latest news and insights
By Rhod Mackenzie
Influential international organizations have hastily revised their forecasts, perviously predicting long-term stagnation for the Russian economy under the weight of sanctions. The OECD expects 1.8% GDP growth for the year, while the IMF expects 2.6%. The West is puzzled by the ra...
By Dr. Srinivas Junuguru and Abhinaya Rayee
The BRICS group, initially comprising Brazil, Russia, India, and China, emerged as a forum for discussion and policy cooperation among key rising market nations. Over time, it transformed into a transregional governance framework with the addition of Sou...
At the dawn of 2024, from January 1, five more countries became full members of the BRICS, a transnational association, which until then consisted of Brazil, Russia, India, China and South Africa, and thus became BRICS+ (BRICS Plus), totaling ten countries.
Egypt which is located in northeast Afri...
By Rhod Mackenzie
The New Year of 2024 brings a lot of surprises and potential challenges to the countries of the BRICS. The union has doubled to 10 countries, which should lead to its increased economic power. However, its largest economy, China, is still slowing down. Plus the new participants...
By Rhod Mackenzie
Foreign portfolio investors withdrew $3.4 billion worth of assets from India in January, the highest level in the past 12 months, Business Standard reports .
“Foreign portfolio investors sold $3.4 billion worth of shares in January this year, the highest in 12 months,” the artic...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
