Macroeconomic Stability of the BRICS and the Potential for Improving Foreign Trade Cooperation with Serbia
Journal: The Review of International Affairs
Year: 2024

The aim of this research is to evaluate the macroeconomic stability of the BRICS and to determine the potential of Serbia's foreign trade cooperation with its members.The macroeconomic analysis is based on comparative statistical data for 2000-2022, showing that the BRICS countries, compared to the G7, have higher economic growth rates.However, the standard of living is almost six times lower.On average, inflation and unemployment in the BRICS are higher than in the G7.The BRICS have a twice low