The bloc of five developing countries has a larger share of global GDP than the Group of Seven major economies, research finds.
The BRICS group, comprising the world’s five major developing economies, has overtaken the Group of Seven (G7) by making up a larger share of the global gross domestic product (GDP) based on purchasing power parity, data compiled by Acorn Macro Consulting, a UK-based macroeconomic research firm, shows.
Continue reading https://on.rt.com/cb4v