Loading ...G7 Vs BRICS – Off To The Races — SCOTT RITTER
An economist digging below the surface of an IMF report has found something that should shock the Western bloc out of any false confidence in its unsurpassed global economic clout…
In January 2023 the IMF published an update to the October 2022 WEO, reinforcing the strong position of the G7.
After rooting through the IMF’s World Economic Outlook Data Base, Dias conducted a comparative analysis of the percentage of global GDP adjusted for PPP between the G7 and BRICS, and made a surprising discovery: BRICS had surpassed the G7.
This was not a projection, but rather a statement of accomplished fact: