Thursday, June 8, 2017

BRICS Thriving Once Again

According to the OECD report, two BRICS countries – China and India – lead the world in terms of economic growth.

In 2017, India’s GDP growth is expected to hit 7.3 per cent and 7.7 per cent the following year, slightly better lift than figures released by the Statistics Office last week, but largely in tandem with a World Bank report on robust growth in the country.

China’s GDP growth is expected to be 6.6 per cent in 2017, within the government’s growth bracket, but fall to 6.4 per cent in 2018.

Brazil, which has for two years been in recession, is expected to emerge in positive territory in 2017 reaching 1.6 per cent GDP growth in 2018.

Russia will also turn the corner reaching 1.5 per cent growth in 2017 and 2 per cent in 2018.

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Meanwhile, the US economy is so-so:

Maybe we should spend less on oppression and more on uplifting people.

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