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03-08-2010, 01:09 AM #1
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2010: BRICs, PIIGS and the G-5 Countries
2010: BRICs, PIIGS and the G-5 Countries
Antonio Carlos Lemgruber
Mar 7, 2010 11:24PM
After the financial and banking crisis of 2007/2008, the year of 2010 will certainly be dominated by the following global macroeconomic themes:
a) the growing importance in the world economy of Brazil, Russia, India and China – the so-called BRIC countries – with excellent perspectives, as far as their impact on world economic growth is concerned;
b) the dangerous fiscal and/or balance-of-payments situation of Portugal, Ireland, Italy, Greece and Spain – the so-called PIIGS countries – bringing serious risks for the world economy, including a renewed credit crunch;
c) the contradictory economic policies of the G-5 “bigâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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