SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
Russia's GDP in the 1st quarter of 2024 increased by 5.4% compared to the 1st quarter of 2023. This preliminary assessment was published by the Federal State Statistics Service (Rosstat).
Rosstat's data coincided with the estimate of the Ministry of Economic Development (also 5.4%), exceeded the e...
By Rhod Mackenzie
The Central Bank of Russia (CB) of the Russian Federation estimates that the country's gross domestic product (GDP) will grow by 4.6% in annual terms in the first quarter of this year. By the end of the current quarter, the bank expects this figure to be 4.4%. This information wa...
By Rhod Mackenzie
On 27th April the Russian President Vladimir Putin held a meeting on economic issues.
Here are the highlights
“The data from the beginning of the year turned out to be higher than the forecasts of the government, the Bank of Russia and some experts. In January-February, Russia’...
The expansion of the BRICS membership has led to an increase in the union's share of global production, from 32 to 37%, according to the World Trade Organization (WTO). This has resulted in the BRICS share becoming larger than that of the G7. The BRICS Digital Bank is confident that the influence of...
By Rhod Mackenzie
China's GDP grew by 5.3% in Q1 2024, exceeding market expectations. This strong start sets a solid foundation for the economy to achieve its pre-set goal of 5% growth for the year.
Chinese analysts have stated that China remains one of the fastest growing major economies in the...
