How will the world economy change in the next 5 years?

The influence of Asian countries on the global economic market is expected to increase and the European market is expected to decline sharply.

Because of the sanctions, Europe and the United States lost the Russian market, and it was occupied by companies from China. Many manufacturers have changed their minds about building their factories in Europe due to rising resource prices. Meanwhile, Russia is strengthening trade relations with India, China, Iran and creating new trade routes bypassing Europe.

Asia will surpass the USA and Europe

Changing forecasts. What awaits the world and Russian economy?

Why is the Russian economy growing despite the sanctions?

Sanctions are ineffective

Russian oil and LNG are still bought only through third countries. The development of the military industry and the reorientation of trade to Asian countries support the Russian economy. The Russian market, liberated by Western companies, has the potential for growth. There are no secondary sanctions.

In the long term, sanctions will hinder the growth of the Russian economy and lead to stagnation. For example, there is already a shortage in the labor market, inflation and the impact of technological sanctions. The vivid economic picture of Russia hides dangerous compromises made in pursuit of short-term benefits. Future generations will pay a heavy price for the current situation. However, the Kremlin only cares about the present.

What will happen at the BRICS meeting?

Expansion and increase in the share of the NDB

The BRICS Bank intends to finance more projects in national currencies to strengthen the local market and protect borrowers from the risk of currency fluctuations. Currently, the share of relevant projects in national currency in the bank's total project portfolio is about 22%, the NBR president said, adding that the bank intends to increase this figure to 30%. Currently, five BRICS countries are members of the EBRD, as well as Bangladesh, the United Arab Emirates and Egypt. Uruguay is already in the process of joining.

The BRICS summit will be followed by a powerful geopolitical shock wave for which the world will not be ready. The Western world will not be ready.

BRICS New Development Bank De-dollarizing, Adding Argentina, Saudi Arabia, Zimbabwe as Members

Experts say that the upcoming BRICS summit will destroy the picture of the world familiar to the West

BRICS Krieg: what you need to know about the union of five states

BRICS seizes chance to challenge US: expansion and single currency on agenda

The big escape from the dollar to the East

Will there be a war between Russia and China?

Yes, in 2055

China intends to become a leading world power. To do this, he needs resources and a territory where he can live. Russia has it all.

Russia will unite with Mongolia and defend its sovereignty.

Will China attack Russia? China has announced the date of the beginning of the war with Russia.

Accuracy 10