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Saturday, July 13, 2019
13/7/19: BRICS and G7
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...
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