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Datawatch: A new G7
FT | Oct 08 09:50 | 23 | Share
by Gavin Jackson and Keith Fray
On Tuesday the International Monetary Fund released its latest World Economic Outlook. A striking new finding emerges: the seven largest emerging markets are now bigger, in gross domestic product terms, than the long established G7 group of industrialised nations, when measured at purchasing power parity (PPP).
A hypothetical new G7, comprising the BRICs — Brazil, Russia, India and China — and three of the so-called MINT economies – Mexico, Indonesia and Turkey — has a combined GDP of $37.8 tn (at purchasing power parity) compared to $34.5 tn for the old G7 — Canada, France, Germany, Italy, Japan, the UK and the US.
FT | Oct 08 09:50 | 23 | Share
by Gavin Jackson and Keith Fray
On Tuesday the International Monetary Fund released its latest World Economic Outlook. A striking new finding emerges: the seven largest emerging markets are now bigger, in gross domestic product terms, than the long established G7 group of industrialised nations, when measured at purchasing power parity (PPP).
A hypothetical new G7, comprising the BRICs — Brazil, Russia, India and China — and three of the so-called MINT economies – Mexico, Indonesia and Turkey — has a combined GDP of $37.8 tn (at purchasing power parity) compared to $34.5 tn for the old G7 — Canada, France, Germany, Italy, Japan, the UK and the US.
