The BRIC economies: propping up the global economy
The collective strength of the BRIC economies (Brazil, Russia, India and China) is of ever increasing importance to the strength of the global economy. Whilst mature economies across the globe grapple with towering budget deficits, anaemic growth and rising unemployment, the BRICs are expanding rapidly, lifting people out of poverty and driving the global economy.
This short report looks at the rise of the BRIC economies, their growing importance to the global economy and the trends that will shape their performance. It draws upon the IBR as well as forecast data from leading global economists.
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