Jacob Kirkegaard talks about BRICS nations as a new ‘power house’


The combined economic output of the BRICS countries last year came close to matching the Gross Domestic Product of the United States. In contrast back in 2007, the U.S. economy was double that of the BRICS nations. Are the BRICS countries now an international economic power house? CCTV America’s Mike Walter spoke to Jacob Kirkegaard, Senior Fellow of Peterson Institute For International Economics.