The BRICS alliance is making waves, and the world is taking notice. With the historic expansion announced at this week’s summit, the BRICS alliance now controls 30% of the entire global economy. In fact, the bloc has officially invited Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates will officially become full members of emerging economies bloc BRICS, which stand for Brazil. As global trade and influence gradually shift east and south, and more countries seek closer alignment with BRICS, the bloc’s economic, political and demographic power is undeniable.

The forum is now pointing out critical matters such as trade, finance, climate change, and energy security, and its impact extends to shaping the global economic landscape. This significant control, reaching 30% of the entire global economy, underscores the increasing importance of BRICS in international affairs. Understand how this shift will affect global markets and international relations.

Learn more about the BRICS expansion and its projected impact on the world economy. Stay informed about the emerging economic powerhouse that now controls 30% of the entire global economy.