Ability of Bric nations to revive global economy exaggerated, say analysts
High levels of economic growth in the Bric countries will be not be enough to compensate for sluggish consumer demand in developed economies, say emerging market specialists.
“You cannot take it for granted that strong growth in these countries necessarily spills over into the rest of the world,” said Julian Jessop, chief international economist at Capital Economics, a research consultancy in London. “If all that happens is that they are growing strongly because they are exporting to the West
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