BRICS Lead Race to Become World's Fastest Growing Economies

The BRICS dominate the list of the 10 fastest growing economies, displacing the US. India, China and Russia occupy places in the top five, confirming a global shift in economic power.

The global economy has undergone significant changes in the last two years. The BRICS alliance has played a huge role in this, as the countries of this association dominate the list of fast-growing economiesMoreover, they have pushed the United States down the list.

The bloc has been vocal about its desire to change the financial status quo, particularly through its efforts at multipolarity and ongoing de-dollarization. These efforts appear to be bearing fruit, as evidenced by changes in economic indicators and the redistribution of power.

BRICS are taking the lead in the list of fastest growing economies amid global changes. The United States has long been the dominant global power. Its influence has been unquestionable, thanks to the dollar's central role in the financial system. However, this appears to be changing. According to the IMF forecast, one economic group, BRICS, includes most of the economies with huge growth potential.

According to the UN Financial Services Agency, the BRICS bloc dominates the list of the 10 fastest growing economies. In particular, India, China and Russia occupy places in the top five, while the United States fell to 7th place.

India is firmly in the top spot for 2024. The IMF notes that the country's economy is expected to grow by 6.5% in 2025, already having the fifth-largest GDP in the world. India is expected to be in the top three next year.

China and Russia are the second and fifth fastest growing economies, with China expected to grow 4.5% in 2025 and Russia 3.2%. The two countries play an important role in BRICS as they continue to work to use cryptocurrency for trade settlements. Their initiatives could further shift away from the use of the U.S. dollar in one-sided trade deals.

Brazil is the next largest BRICS country and is ranked 11th on the list of fastest growing economies. The IMF predicts that the South American country's economy will grow by 2.4% next year. Brazil also currently has the ninth largest economy by GDP.

These changes have caused the United States to fall to 7th place on the list of fastest growing economies. They are expected to grow by just 1.5% in 2025, slower than Brazil or any other BRICS country. However, with 2.6% growth projected this year, the US retains its place on the list.

Author's opinion: oblah-blah! What a disconcerting thing. And all the assessments are not from Russia, China or BRICS…

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