Archive link to go past the paywall.
Well, since the old acronym lost its meaning, might as well rename it to Bricks. “Our economies sink together! Like bricks!”
I think that the decision to join the bloc will be mostly positive, for both old and new members.
Only Argentina declined the invitation after President Javier Milei, who took office this month, reversed his predecessor’s membership bid.
And Milei is a muppet.
2023 GDP Growth
Brazil 1.7%
Russia 3%
India 7%
China 5.5%
South Africa 1.4%
Egypt ??
Ethiopia ??
Iran ??
Saudi Arabia 2.6%
United Arab Emirate 4%
Preliminary numbers, subject to change.
That was mostly a self-mocking joke, as I pay taxes to one of the BRICS (Brazil); don’t take it too seriously. (And likely biased given that the Brazilian GDP grew almost nothing in comparison with the others.)
From some sloppy websearch it seems that Egypt and Ethiopia’s GDPs grew around 4% in 2023. Given that it’s barely 2024 might as well use 2022 data.