Browsing: Global GDP

Blockchain technology has for long been associated with cryptocurrencies but there is so much more that it has to offer.

The female economy is the world’s largest emerging market and could potentially add US$12 trillion to the global GDP by 2025.

Already, China, Russia and Pakistan are laying out plans to start conducting bilateral trade and investment while issuing bonds in local and national currencies instead of the US dollar.

The eight-member countries of the Shanghai Cooperation Organization (SCO) are to finalise a road map introducing a system of mutual settlement of national currencies.

Other SCO members include India, Kyrgyzstan, Tajikistan and Uzbekistan while observer countries Iran, Afghanistan, Belarus and Mongolia are looking to become regular members of the SCO.

With the covid-19 coronavirus pandemic, it seems that the world is realigning itself for a new way of doing business.