Simultaneous slowdown in Brics economies would jeopardise chances of pick-up in global growth this year,report saysThe risk of the global economy being battered by a “perfect storm” in 2016 has been highlighted by the World Bank in a flagship report that warns that a synchronised slowdown in the biggest emerging markets could be intensified by a fresh bout of financial turmoil.
The Bank said the possibility that Brazil, Russia, and India,China and South Africa – the so-called Brics economies could all face problems simultaneously would effect in jeopardy the chances of a pick-up in growth in the coming year.
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Source: theguardian.com