The sandwiched nations3 min read . Updated: 09 Jul 2013, 06:34 PM IST
Is the slowdown in BRICS economies a temporary problem or the first stage of a more general loss of economic momentum?
The five countries that make up the BRICS group—Brazil, Russia, India, China and South Africa—are in the midst of a severe economic slowdown. They are currently growing between 4 and 6 percentage points below the peak levels touched in 2007, the last year of the global boom that ended with the near-implosion of the Western financial system.
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