The BRIC Boom

A new PriceWaterhouseCoopers study, Economic Views-Global, projects that the G7 economies will contribute less to world GDP growth in the next two years than the BRIC  economies.  It said that the four countries that make up the bloc--Brazil, Russia, India and China--are expected to account for 40% of world GDP growth over 2011 and 2012. This compares to the G7, where a sluggish recovery means they are likely to account for just 34% of global growth over 2011 and 2012.

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