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#BRICS countries have officially overtaken #G7 in share of world PPP GDP, and that this trend can be expected to continue.
A thread 🧵
A thread 🧵
2/
who currently makes up:
BRICS:
- Brazil, Russia, India, China and South Africa
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G7:
- Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States
who currently makes up:
BRICS:
- Brazil, Russia, India, China and South Africa
<><><><><>
G7:
- Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States
3/
Russia and China have stated they seek “changes that have not occurred for hundreds of years”
What does that mean? Likely a new global currency that challenges the USD - something not seen since the United States was crowed global reserve currency status post WW2
Russia and China have stated they seek “changes that have not occurred for hundreds of years”
What does that mean? Likely a new global currency that challenges the USD - something not seen since the United States was crowed global reserve currency status post WW2
