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The Trading Mesh

As the BRICS slow down, what problems are they incurring?

Thu, 26 Jul 2012 05:48:44 GMT           

weird globeMoney Control reported earlier this week that the BRICS’ growth rate footing [is] shaky, but sure : “A panel of experts from Ernst & Young comprising Ajen Sita, managing partner, Africa, Jorge Menegassi, managing partner, Brazil and South America, Albert NG, chairman and managing partner, Greater China and Karl Johansson, managing partner, CIS have come together to discuss, on CNBC-TV18, the possibilities of growth, opportunities and the challenges on the road ahead for the BRICS nation” You can read the full discussion here.

On a less optimistic note, Market Watch highlighted the BRICS’ Other Problem: Sliding Currencies, “the decline in BRIC currencies is the worst since at least 1998, according to Bloomberg”. Read the full article here

Interestingly the Tehran Times has published an analysis on the BRICS’ BRICS pushing the IMF to reform you can read the full article here.

Do you think this is a minor bump in the road, or are there more problems to come?

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