We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

BRICs’ Production Output Pace Is Slowing, But They Are Still Formidable In World Economy

August 2, 2013: 12:00 AM EST
Real output rates in the so-called “BRIC” countries – Brazil, Russia, India and China – are slowing as the labor forces grow older and smaller, and production capacities have become strained. But that doesn’t mean the BRICs are becoming less relevant to the global economy, according to Euromonitor. On the contrary, they represent 41.3 percent of the total global population in 2013 and 20.2 percent of total global GDP (expected to rise to 23.8 percent of total global GDP by 2020). This year consumer expenditure in the BRICs will account for 15.8 percent of total global consumer expenditure, which in real terms this will rise to 19.7 percent of total global expenditure by 2020. In fact, the market researcher says, “[the BRICs] will continue to offer opportunities to investors in the long term”.
Hilary Walsh, "The BRICs are More Important than Ever to the Global Economy", Euromonitor International, August 02, 2013, © Euromonitor International
China Business
Focus Areas
Market News
Latin America
Comment & Opinion
Market News
Developed by Yuri Ingultsov Software Lab.