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Economy
In reply to the discussion: STOCK MARKET WATCH, Thursday, December 15, 2011 [View all]xchrom
(108,903 posts)68. Analysis: BRICs buffeted by euro storm but stay on course
http://uk.reuters.com/article/2011/12/15/businesspro-us-economy-brics-idUKTRE7BE1FR20111215
(Reuters) - A sudden stop to growth in Brazil. Rising political risk in Russia. A slide in India's rupee to a record low. A marked slowdown in growth in China.
Have big emerging markets had their day? After all, even Goldman Sachs, which coined the BRIC acronym 10 years ago, reckons the quartet's contribution to global growth is unlikely to rise much further.
Not so fast. While all emerging markets face stiff headwinds going into 2012 as the euro zone's debt crisis drags on, economists firmly expect them to remain the main driver of growth and to lead the world economy back to better times.
"By the second half, stronger growth across China and other emerging economies should pull up worldwide activity," said Gerard Lyons, chief global economist at Standard Charted Bank.
(Reuters) - A sudden stop to growth in Brazil. Rising political risk in Russia. A slide in India's rupee to a record low. A marked slowdown in growth in China.
Have big emerging markets had their day? After all, even Goldman Sachs, which coined the BRIC acronym 10 years ago, reckons the quartet's contribution to global growth is unlikely to rise much further.
Not so fast. While all emerging markets face stiff headwinds going into 2012 as the euro zone's debt crisis drags on, economists firmly expect them to remain the main driver of growth and to lead the world economy back to better times.
"By the second half, stronger growth across China and other emerging economies should pull up worldwide activity," said Gerard Lyons, chief global economist at Standard Charted Bank.
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OMG. Ohio finally has re-drawn the districts. We are going to be in Boehner's district
DemReadingDU
Dec 2011
#22
One of the EU leaders said something like -- London wanted to be the Cayman Islands of the EU!
FarCenter
Dec 2011
#46