BEFORE commenting on the topic for this week, this column is proud to announce that this week’s edition is the 250th written article since its first publication on June 9, 2018. Now, back to the topic of the week, the Death of the dollar.
The countries that make up the acronym BRICS – Brazil, Russia, India, China, and South Africa, now comprise 31.5% of the global gross domestic product (GDP) measured on purchasing power parity (PPP) basis. More importantly, BRICS is not only the largest economic block, but it is also now even bigger than the economic powerhouse of the G7 – which comprises the United States, the United Kingdom, Canada, Japan, France, Germany, and Italy as well as the European Union (EU). The G7’s share has now dropped to 30% of the global GDP measured on a PPP basis.
Death of the dollar
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BEFORE commenting on the topic for this week, this column is proud to announce that this week’s edition is the 250th written article since its first publication on June 9, 2018. Now, back to the topic of the week, the Death of the dollar.
The countries that make up the acronym BRICS – Brazil, Russia, India, China, and South Africa, now comprise 31.5% of the global gross domestic product (GDP) measured on purchasing power parity (PPP) basis. More importantly, BRICS is not only the largest economic block, but it is also now even bigger than the economic powerhouse of the G7 – which comprises the United States, the United Kingdom, Canada, Japan, France, Germany, and Italy as well as the European Union (EU). The G7’s share has now dropped to 30% of the global GDP measured on a PPP basis.
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