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BRICS Economic Situation and Outlook

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  • Iulia Monica Oehler-Sincai

Abstract

The paper highlights the BRICS countries' economic situation in 2010 and prospects for 2011-2012, based on a comparative analysis of key macroeconomic indicators. The economic slowdown is explained in all analyzed economies by both structural and cyclical factors. The article points out that one of the common vulnerabilities of BRICS countries is the high level of inflation, India being the worst affected. In the field of economic policy measures, our research reveals a series of protectionist measures adopted not necessarily in response to the financial and economic crisis, but in order to change the structure of industrial production and strengthen national competitive advantages. Among the countries analyzed, only India and China continue to record a robust and sustained economic growth, although structural weaknesses may hinder this growth.

Suggested Citation

  • Iulia Monica Oehler-Sincai, 2012. "BRICS Economic Situation and Outlook," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009562199
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    More about this item

    Keywords

    Spain; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses; reforms;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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