- 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.
Original article:
http://www2.goldmansachs.com/ideas/brics/long-term-outlook-doc.pdf
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