BRIC: the new global pole

By: trademagazin Date: 2009. 12. 21. 00:00

Eight years have passed since the Goldman Sachs (GS), first used the term BRIC. The BRIC is the joint of Brazil, Russia, India and China in order to play a role in the global economy stronger than before.

The GS has already stated that the true test for BRIC’s will be thecrisis. Today, when the whole world’s economic declines, the BRIC countries are steadily growing. According to GS estimations that by 2027, the BRIC countries' economic performance will be higher than the seven most developed countries together – reports Magyar Nemzet Online, after Newsweek.

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