Watch: Putin takes swipe at 'so called' G7, says Brics accounts for over 40% of world GDP
Russian President Vladimir Putin criticized the G7 at the Brics Business Forum, highlighting that Brics nations now contribute over 40% of global GDP. He contrasted this with the G7's 29% share, framing it as evidence of a shifting global economic order.
Why it matters
This highlights the growing geopolitical and economic rivalry between Western-led alliances and the Brics bloc, signaling a potential shift in global economic influence.
NEW DELHI: Russian President Vladimir Putin on Friday took a swipe at the Group of Seven (G7), contrasting its economic contribution with that of Brics and saying the latter now accounts for more than 40% of global GDP.Speaking at the Brics Business Forum, Putin said the changing global economic order was reflected in figures from the past five years."The world is always changing, and this is attested to by the objective facts of the last five years," Putin said.He said Brics countries had produced more than 40% of the world's GDP over the period,…
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