The long-accepted system of changing the volume of the economy with GDP, which was calculated in U.S. dollars, has outlived its usefulness.
The author of the article posted in Al Mayadeen assures us that the West has lost its influence in the economy. Other states have taken over the top, particularly China.
The change on the dollar may carry a number of inconveniences, overlooking the purchasing power of the national currency. South Korea's economy, for example, moved from 13th to 10th place, although the actual growth rate was 2.7%.
The exchange rate of the yuan against the dollar does not really show its real purchasing power in the country. Internally, it is quite strong. Experts stressed that the Iranian and Egyptian economies outperform the Argentine economy in 2022 at PPP.