MOSCOW, May 31. Japan and Germany, against the backdrop of rising energy prices, are now stagnating with risks of going into recession; against this background, Brazil and Indonesia may well catch up with them in GDP ranking by purchasing power, commented Mikhail Zeltser, stock market expert at BCS World of Investments.
On Thursday, the World Bank updated data on purchasing power parity indicators: it follows that Russia has already become the fourth economy in the world in 2021 with a share of 3.8% of global GDP, displacing Japan (3.7%) and Germany (3. 4%). In 2022-2023, the situation remained the same, it was calculated. 
“The dynamics of the economies of Japan and Germany are depressing — stagnation, turning into recession. The trajectory of the GDP rates of Japan and Germany is downward. Indonesia and Brazil may begin to catch up with them,” Zeltser believes.
He noted that the reason for this situation is that for many decades, raw material importers Japan and Germany used cheap Russian raw materials. “Against the backdrop of their own barriers, this ended, economic expenses increased. And Russia will reorient itself towards the friendly East and South,” he added.
According to the World Bank, Brazil's GDP in purchasing power parity was $3.7 trillion in 2021, ranking it seventh. Indonesia's GDP was slightly less — $3.5 trillion (tenth place).