On the global stage, two prominent groups are vying for influence: the long-established G7 and the ambitious BRICS+ economies. Formed in 1975, the G7 consists of major industrial democracies: Canada, France, Germany, Italy, Japan, the UK, and the USA. They meet annually to coordinate global economic policies. BRICS, established in 2009, initially included Brazil, Russia, India, China, and South Africa, with Egypt, Ethiopia, Iran, and the UAE joining the group in 2024, expanding it to become BRICS+. Despite the G7 having a higher combined GDP, with an estimated $48.68 trillion, BRICS+ economies are projected to have a higher average growth rate of 3.6% compared to the G7's 1%. Their average GDP growth rate is anticipated to range from 189% to 205% by 2050, a significant contrast to the G7's 50%. Population-wise, BRICS+ has a combined population of approximately 3.6 billion, representing 45% of the world's inhabitants, much larger than the G7's 776 million. In terms of la
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This is very good news. Gautrain was and is a great example of how a professionally run PPP can build the very difficult infrastructure in an urban area on time and to the highest standards and operate it to world class standards.
ReplyDeleteGreat news, maximizing local manufacturing and procurement of materials including trains would give full economic impact. Phase 2 should focus on transporting the working class not like the current arrangement
ReplyDeleteOn the face of it this seems like good news but the positive benefits of such a huge project will take a long time before they are realised and as things stand the economy needs an immediate boost which can be realised through social infrastructure projects. Megaprojects like this will not immediately help us revive the economy which is something the country desperately needs now.
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