"As for the BRICS economies, they generally demonstrate sufficient stability, thanks to the responsible macroeconomic, monetary and financial policies of our governments. The majority of our countries expect to report outperforming growth rates. In particular, tentative estimates put average growth in the BRICS economies at 3.8 percent in 2024–2025, while global GDP is estimated to increase by 3.2–3.3 percent in the same period.
It appears that a trend to retain BRICS’ leading positions in the global economy will be consolidated, primarily due to such objective factors as population growth, the accumulation of capital, urbanisation and greater labour productivity, bolstered by technological innovations.
Broad prospects are emerging for cooperation among regions, cities, and municipalities. During the thematic forums held in Moscow, Nizhny Novgorod, and Kazan, discussions were held on the prospects for collaboration in the sphere of sustainable development of municipalities, efficient management of the urban economy and infrastructure, and increasing the accessibility of urban services."