Putin: G7's global growth share drops to 18%
Russian President Vladimir Putin emphasized that the BRICS group has become one of the main engines of global economic growth, contributing nearly half of the GDP growth over the past five years and representing around 40% of the global economy based on purchasing power parity, compared to less than 29% for the G7 countries. He also stated that trade volume among BRICS nations exceeds one trillion dollars annually, and that new growth centers are pursuing sustainable development independent of traditional models. Additionally, he noted that Russia aims to restore economic growth rates and reduce inflation, with digital trade and technology experiencing an annual growth rate of 30%.
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