GTFS: Global Trends and Future Scenarios Index

The Long-Term Outlook for the BRICs and N-11 Post Crisis

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  • 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.
Issue:
Economics
Region:
Global
Year Published:
2009
Authors:
Jim O'Neill, Anna Stupnytska
Institution:
Goldman Sachs