Growth in Bric nations may not help global economy
Analysts fear that GDP growth leading to greater consumer demand in the emerging economies of Brazil, Russia, India and China will not necessarily feed through to developed nations.
High levels of economic growth in Brazil, Russia, India and Russia – the Bric countries – will be not be enough to compensate for sluggish consumer demand in developed economies, according to some emerging market analysts.
“You cannot take it for granted that strong growth in these countries necessarily spills over into the rest of the world,” says Julian Jessop, chief international economist at Capital Economics, a research consultancy in London. “If all that happens is they are growing strongly
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