Posted 1/6/2024, 2:02:14 PM
BRICS Bloc Expands to 10 Countries, Poised to Rival G6 Economies Sooner Than Expected
- BRICS GDP to reach 60% of G6 countries in 2025, a decade earlier than predicted
- Expanded BRICS now a 10-member bloc with 5 new countries joining on January 1, 2024
- New BRICS members are Saudi Arabia, UAE, Egypt, Iran, and Ethiopia
- Argentina declined BRICS membership over concerns from newly elected skeptical President
- U.S. must take concrete steps to prevent BRICS from taking over traditional financial sector