Here's the $17 Trillion Reason Why the BRICS Summit This Week Is a Big Deal
"Their collective weight in global GDP continues to rise," says acronym founder O'Neill
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Leaders of the so-called BRICS countries are meeting starting Wednesday in Ufa, Russia. Here's what you need to know about these emerging market economies to follow the summit.
The combined economic output last year of Brazil, Russia, India, China and South Africa almost matched the U.S.’s gross domestic product. Back in 2007, the U.S. economy was double the BRICS.