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3232US Share of World Economy Projected to Reach Historic Low
https://www.digit.info/us-share-of-world-economy-projected-to-reach-historic-low/
Sun, 13 Oct 2024 03:16:26 +0000https://www.digit.info/us-share-of-world-economy-projected-to-reach-historic-low/Read more]]>The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]
]]>BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
https://www.digit.info/brics-countries-deem-us-dollar-less-important-in-global-trade-says-indian-expert/
Wed, 14 Aug 2024 05:46:11 +0000https://www.digit.info/brics-countries-deem-us-dollar-less-important-in-global-trade-says-indian-expert/Read more]]>The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]
]]>India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
https://www.digit.info/india-russia-oil-deals-chip-away-at-dollar-dominance-in-international-trade/
Wed, 08 Mar 2023 22:04:57 +0000https://www.digit.info/2023/03/08/india-russia-oil-deals-chip-away-at-dollar-dominance-in-international-trade/Read more]]>On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S. […]
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]
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The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]
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On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S. […]