ID :
97908
Sun, 01/03/2010 - 08:35
Auther :
Shortlink :
https://oananews.org//node/97908
The shortlink copeid
BRIC to become world economic leader in new decade.
2/1 Tass 45
LONDON, January 2 (Itar-Tass) - A new decade started in the year 2010
will witness a radical re-distribution of forces in the world economy.
The
present-day leader - the financial Group 7 made up of the leading Western
countries - will be replaced by the BRIC group (Brazil, Russia, India and
China). This conclusion has been drawn by Goldman Sachs, one of the
leading U.S. banks, in the report, which was circulated in the London City
on Saturday.
Goldman Sachs believes that by 2020 the BRIC countries will become the
most attractive market for world investors.
According to the calculations made by Goldman Sachs, the BRIC group
has reached the needed pace already for occupying the leading positions in
the world economy. Starting from the autumn of 2001, the growth rate of
the share market of the four countries, integrated in the BRIC group, was
higher than the overall figure for a group of countries with new markets
and developing economies. During the period under review the MSCI BRIC
Index grew by 367 per cent, as against the growth of 134 per cent
registered in the 22 main developing countries, integrated in the MSCI
Emerging Markets Index.
At the same time, the growth rate of the share market of 23
industrially developed countries of the West, integrated in the MSCI World
Index, was only 17 per cent.
According to Jim O'Neil, the leading analyst of Goldman Sachs, a
unique situation has taken shape on the world markets. This happens no
more than once in a generation. The world is on the threshold of the
redistribution of global economic forces.
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