The BRIC economies are showing great heterogeneity. China and India are still growing (although China has slowed down), but Russia and Brazil are in recession, hurt by weak commodity and oil prices. (Brazil’s recession is expected to deepen in 2015.) Stock markets reflect the countries’ diverging fortunes, with Indian share prices gaining sharply. Meanwhile, China’s stock-market surge since 2014 has created concerns about a potential bubble. Download and read the PDF for Diverging BRIC Economies.
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