Way back in 2001, all of the world’s eyes were on the BRICS in 2001 when it comes to promising economic growth in the next ten years. What do you expect from five nations comprising of Brazil, Russia, India, China and South Africa when they hold most of the world's population (43 percent). It’s a sleeping economic power waiting to explode, and so it did from 2001 and the next decade, the something came along.
Due to the lack of response to demand, statistically, the economic development of BRICS will decline by a massive 3.2 percent as compared to its rate for the last 10 years. This is according to an analysis entitled "Coface identifies 10 emerging countries hot on the heels of the BRICS." Aside from this projection, it is further anticipated that other economies will balloon this year.
Due to the lack of response to demand, statistically, the economic development of BRICS will decline by a massive 3.2 percent as compared to its rate for the last 10 years. This is according to an analysis entitled "Coface identifies 10 emerging countries hot on the heels of the BRICS." Aside from this projection, it is further anticipated that other economies will balloon this year.