BRICS Now a Larger Share of World Economy Than G7
In 2020 it will surpass the US and the entire EU combined — when adjusted for PPP as it should be
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…
Source: True Economics