Putin's data are wildly off the mark - BRICS economies represent 25% of global GDP (in nominal terms, as using PPP doesn't make much sense here), while the G7 still accounts for 45% of global GDP
Source: IMF data - www.imf.org/external/dat...
Agathe Demarais
Key takeaways from Putin's SPIEF address today:
BRICS accounts for 49% of global GDP vs G7's 18%, Putin claims. The West is "eroding" its own trade institutions. Russia "leads" in nuclear energy with over 80% of global atomic projects, he claims.
WarTranslated (Dmitri)
Putin claims Russia's economy hasn't "collapsed," it has merely sunk to the "level EU countries have been living at for years."
