The Long-Term Outlook for the BRICs and N-11 Post Crisis
- The BRIC and N-11 countries are emerging from the crisis better than the developed world.
- As a result, our long-term projections for the BRICs look more, rather than less, likely to be realised.
- It is now possible that China will become as big as the US by 2027, and the BRICs as big as the G7 by 2032.
- Within the BRICs and N-11, China, Brazil, India, Indonesia and the Philippines appear to be performing best.
- Bangladesh, Egypt, Korea, Nigeria, Turkey and Vietnam form a second group of countries that have performed broadly in line with expectations.
- Iran, Mexico, Pakistan and Russia have need for improvement.
- We show the ongoing dramatic BRIC influence in key product markets, with autos and crude oil as examples.
- Year Published:
- Jim O'Neill, Anna Stupnytska
- Goldman Sachs