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BRICs Lead the Global Recovery

GLOBAL INVESTMENT RESEARCH - May, 2009

There is growing evidence that the global business cycle has begun to stabilise. Positive signs have been apparent in most headline PMI indices, as well as in their ‘guts’. The BRICs have led both the advanced economies and the rest of the emerging world in this process. We expect resilient domestic demand growth from emerging markets, particularly the BRICs, to be one of the driving forces of an export-driven recovery in advanced economies over the next couple of years.

>> BRICs Lead the Global Recovery  May, 2009 [PDF, 286 KB]