Photographer: Miguel Medina/AFP via Getty Images

Group of Seven Isn't Quite So Magnificent Any More: Chart

The rise of China, India and Brazil means that the economic importance of the Group of Seven has deteriorated, according to Burkhard Varnholt, deputy chief investment officer of Credit Suisse Group AG. “The G-7 used to be the seven most powerful economic countries in the world -- now those times are long gone,” Varnholt said in an interview with Bloomberg Television’s Nejra Cehic on Monday. “That’s why the G-20, if anything, are more relevant and important.”

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