The World Bank forecasts Brazil's GDP to grow at 2.5% annually from 2030 to 2035, while Russia's GDP is expected to grow at 2.2%. India and China are predicted to lead the group with 7.5% and 5.5% annual growth rates, respectively. South Africa's GDP is expected to grow at 2.8% annually.
The International Monetary Fund (IMF) projects that the combined GDP of Brazil, Russia, India, China, and South Africa will account for over 30% of global GDP by 2035. The report highlights the importance of these nations in driving global economic growth.
Goldman Sachs predicts that India will surpass China as the fastest-growing major economy by 2030, with a projected GDP growth rate of 8.1%. Brazil, Russia, and South Africa are expected to experience more modest growth, with GDP growth rates of 2.3%, 2.1%, and 2.5%, respectively.
Researchers at Harvard University's Center for International Development found that institutional factors, such as governance and corruption, play a significant role in determining GDP growth rates among BRICS nations. The study suggests that India and China have made significant progress in improving their institutional frameworks, contributing to their rapid economic growth.
The tralac trade law centre forecasts that South Africa's GDP will grow at an average annual rate of 2.8% from 2030 to 2035, driven by investments in infrastructure and human capital. The report highlights the need for structural reforms to enhance the country's competitiveness and attract foreign investment.
Reuters reports that Brazil's economy is expected to grow at a moderate pace, with a projected GDP growth rate of 2.5% annually from 2030 to 2035. The country's economic growth is driven by investments in agriculture, mining, and manufacturing sectors.
The Brookings Institution predicts that China's GDP growth will slow down to 5% annually by 2035, due to demographic changes and a shift towards a more service-oriented economy. The report highlights the need for China to implement structural reforms to sustain its economic growth.
The Economist's interactive GDP forecast tool allows users to explore different economic scenarios for Brazil, Russia, India, China, and South Africa from 2030 to 2035. The tool provides users with a range of forecasts based on various assumptions about economic growth, inflation, and trade.