Over the past several weeks we have heard about the gloomy outlook for consumer demand in developed markets. Household deleveraging in the US and the growing debt crisis in peripheral eurozone states suggest that a return to robust demand levels will be hard to come by. In this context, we examine the outlook for the [Read more...]

 

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Brazil has just hosted the second annual BRIC (Brazil, Russia, India, China) summit on April 15-16, but I think there are good reasons to doubt how much strength this grouping actually has in terms of changing the world – at least in a collective fashion. Below, I list some thoughts about BRICs as a concept:
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Dave Fry, founder and publisher of ETF Digest, hosts Terry Alexander, Head of Country Risk and Financial Markets at Business Monitor International, alongside Asia analyst Stuart Allsopp, and Head of Commodities analysis, Cedric Chehab.

Emerging Markets Forecast 03/12/10 from David Fry on Vimeo.

Most people are well aware that the BRIC (Brazil, Russia, India, China) countries are big recipients of foreign direct investment (FDI). But they are also big sources of FDI.

In 2009, for the first time, emerging market outbound mergers and acquisitions (M&A) flows outpaced inbound M&A flows, reaching US$131.8bn, according to Dealogic. Most of these [Read more...]

Two summits, both held in Russia this week, signal the collective desire of BRIC countries to rebalance world economic and political power away from the United States in their favour.

One of the summits was the inaugural meeting of the BRIC (Brazil, Russia, India, China) group. The other was the ninth annual meeting of the [Read more...]

‘What happened to the ‘sell in May’ brigade?’ is the question on Risk Watchdog’s lips today. They certainly haven’t shown up across the Emerging Markets (EM) equity spectrum, going by the massive gains enjoyed across the board of late. Take the BRICs, for example, where year-to-date performances have been nothing short of spectacular…

One thing I’ve been trying to get my head round lately are long-term economic growth forecasts out to 2050. The best known of these are produced by Goldman Sachs (see Dreaming With BRICs: The Path to 2050), but other investment houses have them too.

Having pored over these over the bank holiday weekend, I have to [Read more...]