IMF Sees Growth Shift Toward BRICS and Away From G-7 in New Outlook
Bloomberg reports that world economy is becoming more reliant on emerging markets, especially based on the purchasing-power measure.
The world economy is set to rely even more heavily on the BRICS group of emerging economies to drive expansion, rather than their wealthier Western peers, according to the International Monetary Fund’s latest forecasts. Compared with its last round of predictions six months ago, the IMF now expects a bigger share of growth over the next five years to come... ...
leave a comment