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 <p>Leading investment bank Goldman Sachs had predicted previously that <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> GDP could come close to G6 countries by 2035. However, the prediction is turning out to be accurate a decade early, as the newly expanded <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> GDP is set to reach 60% of the G6 countries. </p> 
 <p>Estimates suggest that the expanded BRICS GDP could touch 60% of the top 6 Western allies next year in 2025. That’s a decade earlier than the Goldman Sachs prediction where it stated that the event might occur in 2035. The G6 countries are France, Germany, Italy, Japan, the United Kingdom, and the United States.</p> 
 <p><strong>Also Read: 5 U.S. Sectors To Be Affected If <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Ditches the Dollar For Trade</strong></p> 
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 <p>The development indicates that BRICS is advancing to reshape the global financial sector and make a mark of its own. The alliance achieving goals a decade early suggests that the West must not take BRICS lightly and brush off their growing influence. Concrete steps need to be taken by the White House to prevent BRICS from taking over the traditional financial sector.</p> 
 <p>Read here to know how many sectors in the US will be affected if <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> stops using the dollar for trade. The move will raise the chances of hyperinflation in the U.S. leading to job cuts and a spike in day-to-day essentials.</p> 
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 <p><strong>Also Read: U.S. Economy To Experience Real Momentum In 2024: Here’s Why</strong></p> 
 <h2 class="wp-block-heading" id="h-brics-gdp-moving-at-rapid-speed">BRICS GDP Moving At Rapid Speed</h2> 
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  <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp" alt="brics countries flags us dollar currency" class="wp-image-117983" srcset="https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 1024w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 300w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 768w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 1536w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 380w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 550w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 800w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 1160w, https://cdn.thebittimes.com/images/2024/01/06/f67157d54d65cd1d56623df76914a361.webp 1620w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>The <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance is now a 10-member bloc as five new countries joined the group on January 1, 2024. Moreover, the new countries that joined <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> on Monday are Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia. Argentina is the only country that declined the invitation as the newly elected President Javier Milei is skeptical about the alliance.</p> 
 <p><strong>Also Read: Gold Prices To Experience a Historic Breakout In 2024: See the Target</strong></p> 
 <p>Read here to know why Argentina declined <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> membership and does not want to share the stage with the group. Argentina’s President has different plans for the country and believes <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> hinders its growth socially, politically, and economically.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>BRICS GDP</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/brics-gdp-to-reach-60-of-the-top-6-western-countries-tbt75788.html">https://thebittimes.com/brics-gdp-to-reach-60-of-the-top-6-western-countries-tbt75788.html</a></p>

BRICS GDP To Reach 60% of the Top 6 Western Countries

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