BRICS GDP to grow by 36% following expansion

Economy

The Gross Domestic Product of BRICS is now 36 percent of global GDP and 47 percent of the world population. This follows the announcement of the six nations to the BRICS bloc.

“We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS. The membership will take effect from 1 January 2024.” announced Cyril Ramaphosa President of South Africa

India said adding the six countries shows the determination of BRICS for unity.

 

Source: Africannews

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