|The BRIC economies – where are they now?
With Brazil in recession and the prospect of economic sanctions for Russia, the BRIC economies are looking increasingly less likely to fulfill their potential as being the break-out economic superstars of the twenty-first century. Even India’s recent growth, which reached an impressive 5.7 per cent in 2014 Q1, is not likely to be sustainable – only China is set to continue its spectacular path towards becoming the world’s largest economy.
However, all these developments aren’t necessarily bad news for British businesses looking to trade with the BRICs markets. Even though Brazil, Russia and India may not dominate the world economy by 2050, their vast and continuously growing consumer bases will continue to offer tremendous potential for British businesses to export their goods to, or import products from these markets.
Visit the DHL Guide for more information on where the BRIC economies are going, what this means for UK companies, and how to start doing business with Brazil, Russia, India and China.