Emerging markets brace for a hard landing | GulfNews.com:
"During the last few years, a lot of hype has been heaped on the Brics (Brazil, Russia, India, China and South Africa). With their large populations and rapid growth, these countries, so the argument goes, will soon become some of the largest economies in the world — and, in the case of China, the largest of all by as early as 2020.
But the Brics, as well as many other emerging-market economies — have recently experienced a sharp economic slowdown. So, is the honeymoon over?
Brazil’s GDP (gross domestic product) grew by only 1 per cent last year, and may not grow by more than 2 per cent this year, with its potential growth barely above 3 per cent. Russia’s economy may grow by barely 2 per cent this year, with potential growth also at around 3 per cent, despite oil prices being around $100 (Dh367.3) a barrel."
'via Blog this'
No comments:
Post a Comment