29 December 201109:17
Goldman Sachs: Time to Take BRIC off Investment List
The BRIC countries have to be taken off the list of investment goals: the time for this group’s intensive growth is now over, Goldman Sachs warns. BRIC will come to be replaced by a set of eleven most densely populated developing countries, Gazeta.Ru reports. ‘We have witnessed the peak in BRIC’s growth. Over the last decade, the mere idea of BRIC has been enough to attract investments. It is much more difficult now to believe that just having the faith in their future growth is enough to get these investments,’ says Goldman Sachs economist Dominic Wilson in his review on the BRIC countries