A World Rebalanced: From West to East It’s no longer a theoretical shift whispered in economic forums or think tanks — it’s now documented by the International Monetary Fund itself. According to the IMF’s latest projections, the BRICS nations — Brazil, Russia, India, China, and South Africa — are set to overtake the G7 in global economic output, measured by purchasing power parity (PPP), within just a few years. In 1992, BRICS nations collectively made up less than 20% of global GDP (PPP). Today, they’ve surged past 31%. Meanwhile, the G7 — which once accounted for nearly half of global output — is on track to slip below 30% by 2028. The heart of this rise lies in two giants:…
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