Bloomberg: The balance of economic power is shifting from G7 to BRICS
reported by Mehr News Agency, Bloomberg publication, citing the latest forecasts of the International Monetary Fund, emphasized that in the next 5 years balance the economic power in the world among the countries of the group Seven (G7) will be transferred to the countries of the “BRICS” group.
According to Bloomberg, “expected most of the growth in the next five years to come from strong economies BRICS like Russia, China, India and Brazil”
Bloomberg further wrote that “in the same period of time, the expected share of G7 members such as the United States, Germany and Japan will be downward.”
The first day of the 16th BRICS summit on Tuesday in Kazan Russia has started and will continue for 3 days until October 24 (Thursday).
Russian media published pictures of the arrival of the heads of different countries and announced that 36 countries will attend this summit, including 22 countries at the presidential level and heads of 6 international organizations. participated.
Iranian President Masoud Meshidian also participated in this meeting.
According to the plan, the results of the Russian presidency will be reviewed on this group, and at this time 10 countries, including three Arab countries, were added to this group.
This meeting is the first meeting after 5 new countries join BRICS in 2024.
according to Sputnik, in this year, Russia heads the group BRICS is responsible and during the presidency of Moscow, 3 issues are prioritized; Politics, security and cooperation in the field of economic, financial, humanitarian and cultural exchanges.
Furthermore, in the past months, Moscow has been working to promote the practical ways of cooperation between the BRICS member states, It has organized more than 200 social, economic and political events.
The participants of this summit predict that the creation of a digital payment platform BRICS, which is called “bridge BRICS” is known to be investigated, as well as methods of increasing trade exchanges with national currencies.
The BRICS group was established in 2006 by Brazil, Russia, India and China and South Africa joined it in 2011. In January 2024, Egypt, Iran, United Arab Emirates, Saudi Arabia and Ethiopia became new members of this group.
