Brazil fails to live up to BRIC moniker as an upcoming Emerging Market
Brazil’s economy has marked time in the last decade massively underperforming as an Emerging Market. Once earmarked for its growth potential as a member of the BRIC group (Brazil, Russia, India, China), it has delivered an exceptionally poor cumulative average ten-year annual growth rate of real GDP of only 0.5% compared to 7.5% in India and 7.9% in China.
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