Changes

[[BRICS]] is leading global growth, accounting for more than 40% of the world's [[GDP]] according to [[IMF]] (PPP terms), with [[India]] and [[China]] as the primary drivers. Apart from having a healthier debt-to-GDP ratio than [[NATO]] countries as a whole, the projected economic growth for the BRICS countries in 2025 is also better — approximately 3.4% as a group — which outpaced the global average for the NATO countries of 2.8% and the [[G7]]'s 1.2%.

[[BRICS]] is leading global growth, accounting for more than 40% of the world's [[GDP]] according to [[IMF]] (PPP terms), with [[India]] and [[China]] as the primary drivers. Apart from having a healthier debt-to-GDP ratio than [[NATO]] countries as a whole, the projected economic growth for the BRICS countries in 2025 is also better — approximately 3.4% as a group — which outpaced the global average for the NATO countries of 2.8% and the [[G7]]'s 1.2%.

It's worth noting that [[Russia]]'s [[debt-to-GDP ratio]] in 2025 is estimated at ~19%, significantly lower than most [[NATO]] countries. This low ratio provides Russia with fiscal flexibility to manage its [[budget deficit]] (2.2% of GDP in 2025) and sustain [[war]]-related spending, unlike high-debt NATO members like [[France]] or [[Italy]], which face tighter constraints.

It's worth noting that [[Russia]]'s [[debt-to-GDP ratio]] in 2025 is estimated at ~19%, significantly lower than most [[NATO]] countries. This low ratio provides Russia with fiscal flexibility to manage its [[budget deficit]] (2.2% of GDP in 2025) and sustain [[war]]-related spending, unlike high-debt NATO members like the [[United States]], the [[United Kingdom]], [[France]], [[Spain]], [[Italy]], [[Canada]], and [[Germany]] which face tighter constraints.

[[File:BRICS debt to GDP.PNG|thumbnail|center|850px|]]

[[File:BRICS debt to GDP.PNG|thumbnail|center|850px|]]