PUTIN: BRICS Set to Outpace G7 in Economic Growth, Driving Global GDP

CGTN Europe

Speaking at the BRICS Business Forum ahead of next week’s BRICS Summit in Russia, President Vladimir Putin highlighted the bloc’s economic prospects. BRICS nations are projected to grow at an average rate of 4% this year, compared to the G7’s 1.7% and a global average of 3.2%. Putin emphasized BRICS’ increasing role in the global economy, noting that the group will be a key driver of global GDP growth in the near future. The plenary session underscored BRICS’ rising influence in shaping global economic trends.  #BRICS #GlobalEconomy #EconomicGrowth #GDP #Putin #G7 #BRICSSummit #EmergingMarkets #FinanceNews #Russia #BRICSBusinessForum

Transcript

00:00As a result of the current year, the average rate of economic growth in BRICS is forecast at 4 percent, which is higher than the rate in the seven countries, where it is only 1.7 percent, and the global rate will be 3.2 percent.

00:20Russia is as open as possible to mutually beneficial business cooperation. We are forming comfortable, global, competitive…

00:29BRICS is already playing a significant role in the global economy, not only today, but it will obviously play a role in the future.

00:43The countries that are part of our Union are in fact the drivers of global economic growth, and it is BRICS, in the foreseeable future, that will generate the main growth of global GDP.

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