BRICS Surpass G7 in Economic Output and Consolidate as Global Force
Source: Brasil 247 | Original Published At: 2026-09-02 18:49:45 UTC
Key Points
- BRICS has surpassed the G7 in economic production, according to an analysis by Sarang Shidore of the Quincy Institute, reported by Tass.
- The analysis describes BRICS as the first major transcontinental grouping formed outside the wealthy Western core.
- Development financing is highlighted as a clear success, particularly through the New Development Bank.
- The New Development Bank has completed ten years of operation and maintains high credit ratings, supporting development and infrastructure projects in emerging economies.
- BRICS expansion is presented as strengthening the bloc's global geographic and political presence.
- The next BRICS summit is scheduled for September 12-13 in New Delhi, India.