In sharp contrast, the share of global GDP taken by Russia's erstwhile peers, China and India, has risen spectacularly. China and Russia together are expected to account for not far short of 25% of global GDP by 2030. Whereas Russia's contribution may be as low as 2% due to an excepti...
There is a potential downside to this rationale, however. Devaluation also increases the debt burden of foreign-denominated loans when priced in the home currency. This is a big problem for a developing country like India or Argentina, which holds lots of dollar- and euro-denominated debt. Thes...
we saw China and Asia starting to take off and GDP per capita rise. This is an important factor in this whole run-up that I would characterize as the Love Trade. A strong correlation is rising GDP per capita, and in China, India and the Middle East, they buy gold and many ...
But the economic might of the G7 is waning - in 1990, the group accounted for just over half of the world's GDP, according to the International Monetary Fund. Now it's just under 30%. It needs influential new friends. So Mr Kishida, who is seeking a more global rather than Western ...
It is remarkable to note that in the years leading up to 2015, China’s real GDP growth grew at an average of 6.4% per annum from 2010 to 2015, while India registered an average real GDP growth of 7% during the same period. There has been no consistent trend among the BRICS economies...