Lionel Kruger

What does the future hold for the Brics?

The Brics emerging market economies - Brazil, Russia, India, China, and South Africa - were expected to lead world economic growth, and for a number of years, with the exception of South Africa, they did.

China and India put in particularly stellar performances. As a group, the countries have increased their share of world GDP from 8% to 23% and, according to IMF projections, by 2021 the Brics will have accounted for almost half of world growth.