Checkpoint Asia

BRICS Now a Larger Share of World Economy Than G7

In 2020 it will surpass the US and the entire EU combined — when adjusted for PPP as it should be

As a side note: the BRICS now have a bigger share of the world economy than the Euro area and the U.S. combined:

In 2019, BRICS combined GDP will surpass (using PPP-adjusted GDP) that of G7 economies, and in 2020, based on IMF forecasts, it will exceed the combined share of the world GDP for the US + EU27 economies.

Not a single BRICS economy is currently represented in G7. Dire…

Source: True Economics