For 2028, the GDP of BRICS will reach 33.8 percent, and the G7’s output will be 27.9 percent. On Wednesday, Russian President Vladimir Putin stated that the production of BRICS countries surpasses the gross domestic product (GDP) of the Group of 7, the bloc composed of the United States, Canada, France, Germany, Italy, Japan, and […]

The damage caused to the Cuban people by Washington’s foreign policy amount to about US$14 million per day. On Wednesday, Cuban Foreign Affairs Minister Bruno Rodriguez published a report showing that the U.S. blockade caused his country damages of over US$5 billion between March 2023 and February 2024. RELATED: Washington Must Remove Cuba From List […]

The achieved represents the continuation of the economic recovery process initiated in the second quarter of 2021.

The Venezuelan executive vice president Delcy Rodríguez said on Saturday that the Venezuelan Gross Domestic Product (GDP) grew up a 7% in the first 2024 quarter, achieving 12 quarters of continuous economic growth. RELATED: Venezuela and China Sign Three New Bilateral Economic Cooperation Agreements The also Minister of Economy, Finance and Foreign Trade highlighted that […]

On Wednesday, Venezuelan Vice President Delcy Rodriguez confirmed that her country’s Gross Domestic Product (GDP) growth during the first four months of 2024 exceeded the forecasts of the International Monetary Fund (IMF). RELATED: USAID Carries Out Covert Operations Against Venezuela: Gil During the 7th edition of the Retail Radiography 2024 event, she stated that the […]

On Tuesday, the European statistical office Eurostat confirmed that both the Eurozone and European Union’s (EU) economies expanded by 0.3 percent in the first quarter of 2024 compared to the previous quarter. RELATED:  Skilled Labor Situation in German Healthcare Remains Tense In the fourth quarter of 2023, gross domestic product (GDP) declined by 0.1 percent […]

The overcapacity argument risks being an excuse for protectionism, said Nicholas Lardy, a senior fellow at Washington D.C.-based think tank the Peterson Institute for International Economics (PIIE), calling the idea of excess capacity “potentially dangerous.” RELATED:  The United States Aggravates Global Crises: Zakharova “This overcapacity idea is that you shouldn’t produce more than you can […]

On Wednesday, the Potsdam Institute for Climate Impact Research (PIK) published a study showing that the global economy faces an income loss of 19 percent by 2050 due to climate change, even if greenhouse gas emissions are drastically reduced immediately. RELATED:  Canada to Face Another Catastrophic Wildfire Season Published in the scientific journal Nature, the […]

On Monday, President Nicolas Maduro presented his annual report to the Venezuelan nation. During his speech before the National Assembly (AN), he highlighted the achievements made by his administration in 2023 amid the U.S. economic block and sanctions. RELATED:  Venezuelan FM Condemns the US Attacks on Yemen “Venezuela is one of the 19 countries whose economic, […]